Peregrine Capital Management LLC trimmed its holdings in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 200,071 shares of the construction company's stock after selling 10,939 shares during the quarter. Peregrine Capital Management LLC owned 0.64% of Beazer Homes USA worth $4,079,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Sterling Capital Management LLC boosted 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 valued at $25,000 after purchasing an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Beazer Homes USA during the 4th quarter worth about $34,000. Quarry LP purchased a new stake in shares of Beazer Homes USA during the 4th quarter worth about $69,000. Exchange Traded Concepts LLC purchased a new stake in shares of Beazer Homes USA during the 1st quarter worth about $99,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Beazer Homes USA during the 4th quarter worth about $148,000. 85.65% of the stock is owned by hedge funds and other institutional investors.
Beazer Homes USA Price Performance
BZH stock traded down $0.32 during mid-day trading on Friday, reaching $23.58. The company's stock had a trading volume of 156,892 shares, compared to its average volume of 391,008. The stock has a market cap of $714.47 million, a PE ratio of 7.63, a P/E/G ratio of 0.66 and a beta of 2.09. The company has a current ratio of 13.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.88. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The company's 50 day moving average is $21.64 and its two-hundred day moving average is $22.77.
Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.16. The business had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. Beazer Homes USA had a net margin of 3.91% and a return on equity of 7.81%. The business's revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 EPS. Equities research analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on BZH shares. Wedbush reissued an "outperform" rating and set a $41.00 target price (down from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. B. Riley started 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, Oppenheimer reissued an "outperform" rating and set a $33.00 target price (down from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $32.33.
Read Our Latest Stock Analysis on Beazer Homes USA
Insider Activity
In related news, Director John J. Kelley III acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $21.50 per share, with a total value of $215,000.00. Following the transaction, the director owned 15,917 shares of the company's stock, valued at approximately $342,215.50. This trade represents a 169.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 6.52% of the stock is owned by corporate insiders.
Beazer Homes USA Company Profile
(
Free Report)
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.
Read More

Before you consider Beazer Homes USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beazer Homes USA wasn't on the list.
While Beazer Homes USA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.