Beazer Homes USA, Inc. $BZH Shares Purchased by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Beazer Homes USA by 11.6%, acquiring an additional 35,901 shares, bringing its total ownership to 345,613 shares valued at approximately $7,047,000.
• Beazer Homes reported a net loss of $0.16 per share for the last quarter, missing analysts' expectations, while its revenue also fell by 8.4% year-over-year.
• Analysts currently have a consensus rating of "Hold" on Beazer Homes, with a price target averaging $31.33.

Charles Schwab Investment Management Inc. boosted its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 345,613 shares of the construction company's stock after acquiring an additional 35,901 shares during the period. Charles Schwab Investment Management Inc. owned 1.14% of Beazer Homes USA worth $7,047,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at approximately $34,000. Quarry LP acquired a new position in Beazer Homes USA during the fourth quarter worth $69,000. US Bancorp DE boosted its stake in Beazer Homes USA by 48.1% during the first quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock worth $51,000 after buying an additional 819 shares during the last quarter. CWM LLC grew its holdings in Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock valued at $82,000 after buying an additional 2,391 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Beazer Homes USA in the 1st quarter worth $99,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Stock Down 1.1%

Shares of NYSE:BZH opened at $25.39 on Wednesday. The company has a market capitalization of $754.73 million, a price-to-earnings ratio of 11.54, a PEG ratio of 0.81 and a beta of 2.09. Beazer Homes USA, Inc. has a 12-month low of $17.37 and a 12-month high of $38.22. The business has a 50-day moving average price of $23.75 and a 200 day moving average price of $22.15. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.16). The company had revenue of $545.37 million for the quarter, compared to analyst estimates of $565.47 million. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. Beazer Homes USA's revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. Sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BZH. Oppenheimer reissued an "outperform" rating and set a $30.00 price target (down previously from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. B. Riley assumed coverage on shares of Beazer Homes USA in a research note on Monday, June 30th. They set a "neutral" rating and a $23.00 target price on the stock. Finally, Wedbush reiterated an "outperform" rating and issued a $41.00 target price on shares of Beazer Homes USA in a report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $31.33.

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.

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