SCHEDULE 13G: Donald Smith & Co. Discloses 10.01% Stake in Beazer Homes USA Inc.

Investment advisor Donald Smith & Co., Inc. and its affiliates have disclosed a beneficial ownership of 10.01% in Beazer Homes USA Inc. common stock as of March 31, 2025.

Summary

• Donald Smith & Co., Inc., along with DSCO Value Fund, L.P., Jon Hartsel, and John Piermont, collectively reported beneficial ownership of 3,122,510 shares of Beazer Homes USA Inc. common stock.
• This aggregate ownership represents 10.01% of Beazer Homes USA Inc.'s common stock.
• Donald Smith & Co., Inc. holds sole voting power over 3,001,428 shares and sole dispositive power over 3,086,128 shares.
• DSCO Value Fund, L.P. holds sole voting and dispositive power over 27,532 shares.
• Jon Hartsel holds sole voting and dispositive power over 5,400 shares.
• John Piermont holds sole voting and dispositive power over 3,450 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a standard beneficial ownership disclosure (Schedule 13G) and does not contain qualitative information that would significantly sway sentiment positively or negatively regarding the issuer's performance or prospects. It merely reports a significant stake by an institutional investor.

Positives

• A significant institutional investor, Donald Smith & Co., Inc., has taken a substantial 10.01% stake in Beazer Homes USA Inc., indicating institutional confidence in the company.

Risks

• The reporting persons certify that the securities were not acquired or held for the purpose of changing or influencing the control of Beazer Homes USA Inc.

Future Outlook

NA

Management Comments

• "The undersigned persons, on April 30, 2025, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the Common Stock of Beazer Homes USA, Inc. at March 31, 2025." (Richard L. Greenberg, CEO & Co-CIO of Donald Smith & Co., Inc., DSCO Value Fund, L.P., Jon Hartsel, and John Piermont)
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Richard L. Greenberg)

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake (10.01%) by Donald Smith & Co., Inc. may be viewed positively, signaling institutional confidence in Beazer Homes USA Inc.
• Management: Awareness of a large institutional holder may influence management's strategic decisions, though the filing explicitly states the stake is not for control purposes.

Next Steps

• Reporting persons will file amendments to Schedule 13G if their beneficial ownership percentage changes by more than 1% or if their intent changes.

Key Dates

Keywords

Beazer Homes USA Inc., Donald Smith & Co., DSCO Value Fund, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Homebuilder, Investment Advisor