Bank of America Corp DE Decreases Stake in Beazer Homes USA, Inc. (NYSE:BZH)

Bank of America Corp DE reduced its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,746 shares of the construction company's stock after selling 42,710 shares during the period. Bank of America Corp DE owned 0.25% of Beazer Homes USA worth $2,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in shares of Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock valued at $25,000 after acquiring an additional 815 shares during the last quarter. Quarry LP acquired a new position in shares of Beazer Homes USA in the 4th quarter worth approximately $69,000. KLP Kapitalforvaltning AS acquired a new stake in Beazer Homes USA in the 4th quarter valued at approximately $148,000. Tower Research Capital LLC TRC increased its holdings in Beazer Homes USA by 61.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company's stock valued at $165,000 after purchasing an additional 2,290 shares during the last quarter. Finally, Focus Financial Network Inc. acquired a new stake in Beazer Homes USA in the 4th quarter valued at approximately $275,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Beazer Homes USA Stock Down 2.2%

Shares of NYSE BZH traded down $0.48 during midday trading on Friday, hitting $21.36. The company's stock had a trading volume of 290,131 shares, compared to its average volume of 396,566. The business's fifty day simple moving average is $20.24 and its two-hundred day simple moving average is $24.38. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25. Beazer Homes USA, Inc. has a 1 year low of $17.37 and a 1 year high of $38.22. The firm has a market capitalization of $647.24 million, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.35 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.26 by $0.16. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The business had revenue of $565.34 million during the quarter, compared to analyst estimates of $543.60 million. During the same quarter last year, the firm posted $1.26 earnings per share. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Insider Activity

In other Beazer Homes USA news, Director John J. Kelley III acquired 10,000 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the director now owns 15,917 shares in the company, valued at $342,215.50. This trade represents a 169.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.52% of the company's stock.

Wall Street Analyst Weigh In

BZH has been the subject of several research reports. Wedbush reiterated an "outperform" rating and issued a $41.00 target price (down previously from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Oppenheimer reiterated an "outperform" rating and issued a $33.00 target price (down previously from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $37.00.

Beazer Homes USA Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.