Bank of America Corp DE Has $2.16 Million Stake in Beazer Homes USA, Inc. (NYSE:BZH)

Bank of America Corp DE lowered its stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 35.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,746 shares of the construction company's stock after selling 42,710 shares during the quarter. Bank of America Corp DE owned about 0.25% of Beazer Homes USA worth $2,162,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Beazer Homes USA news, Director John J. Kelley III purchased 10,000 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $21.50 per share, for a total transaction of $215,000.00. Following the purchase, the director now owns 15,917 shares of the company's stock, valued at approximately $342,215.50. This represents a 169.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BZH shares. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price target (down previously from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Wedbush restated an "outperform" rating and set a $41.00 target price (down from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, Beazer Homes USA presently has an average rating of "Hold" and a consensus target price of $37.00.

Beazer Homes USA Stock Down 0.3%

Shares of Beazer Homes USA stock traded down $0.07 during trading on Thursday, reaching $21.88. The stock had a trading volume of 185,499 shares, compared to its average volume of 434,819. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $663.15 million, a price-to-earnings ratio of 5.57, a P/E/G ratio of 0.35 and a beta of 2.20. The stock has a fifty day moving average price of $20.21 and a two-hundred day moving average price of $24.46. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22.

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

About Beazer Homes USA

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.