Deutsche Bank AG Has $566,000 Stake in Beazer Homes USA, Inc. $BZH

Key Points

• Deutsche Bank AG significantly decreased its stake in Beazer Homes USA, Inc. by 76.9%, now holding only 27,752 shares valued at approximately $566,000.
• Other hedge funds, including Charles Schwab and Vanguard Group, increased their stakes in Beazer Homes, indicating continued institutional interest despite Deutsche Bank's reduction.
• Beazer Homes reported a missed earnings estimate for the last quarter, with EPS of $0.26 versus the expected $0.42, alongside a revenue decline of 8.4% year-over-year.

Deutsche Bank AG decreased its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 76.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,752 shares of the construction company's stock after selling 92,282 shares during the period. Deutsche Bank AG owned about 0.09% of Beazer Homes USA worth $566,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BZH. US Bancorp DE lifted its holdings in Beazer Homes USA by 48.1% during the 1st 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. ProShare Advisors LLC bought a new position in Beazer Homes USA during the fourth quarter worth $226,000. Janney Montgomery Scott LLC boosted its holdings in Beazer Homes USA by 17.3% in the first quarter. Janney Montgomery Scott LLC now owns 30,165 shares of the construction company's stock worth $615,000 after purchasing an additional 4,438 shares during the period. GSA Capital Partners LLP raised its holdings in shares of Beazer Homes USA by 158.8% during the first quarter. GSA Capital Partners LLP now owns 71,269 shares of the construction company's stock worth $1,453,000 after purchasing an additional 43,728 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Beazer Homes USA by 5,863.8% in the 1st quarter. GAMMA Investing LLC now owns 17,474 shares of the construction company's stock worth $356,000 after buying an additional 17,181 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Beazer Homes USA Price Performance

Beazer Homes USA stock traded down $0.00 during mid-day trading on Monday, hitting $25.20. The company's stock had a trading volume of 268,484 shares, compared to its average volume of 356,148. The stock has a market capitalization of $749.14 million, a P/E ratio of 11.45, a P/E/G ratio of 0.80 and a beta of 2.12. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22. The stock's fifty day moving average price is $24.04 and its two-hundred day moving average price is $22.17. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94.

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

Beazer Homes USA Company 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.