Foundry Partners LLC Lowers Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Foundry Partners LLC reduced its position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 20.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 115,365 shares of the construction company's stock after selling 29,575 shares during the period. Foundry Partners LLC owned 0.37% of Beazer Homes USA worth $2,352,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BZH. Sterling Capital Management LLC grew its stake in Beazer Homes USA by 776.2% during the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after buying an additional 815 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Beazer Homes USA in the 4th quarter valued at about $34,000. Quarry LP purchased a new position in Beazer Homes USA in the fourth quarter valued at about $69,000. CWM LLC grew its stake in Beazer Homes USA by 148.4% during the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock valued at $82,000 after purchasing an additional 2,391 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Beazer Homes USA in the first quarter valued at $99,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Beazer Homes USA news, Director John J. Kelley III purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $21.50 per share, for a total transaction of $215,000.00. Following the purchase, the director owned 15,917 shares of the company's stock, valued at $342,215.50. This represents a 169.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Wedbush reiterated an "outperform" rating and set a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a research report on Friday, May 2nd. Finally, B. Riley assumed coverage on Beazer Homes USA in a research report on Monday, June 30th. They issued a "neutral" rating and a $23.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $32.33.

Beazer Homes USA Stock Performance

Beazer Homes USA stock traded up $0.04 during midday trading on Monday, hitting $23.32. The stock had a trading volume of 278,477 shares, compared to its average volume of 409,034. The firm's fifty day moving average is $22.27 and its two-hundred day moving average is $22.45. Beazer Homes USA, Inc. has a 52-week low of $17.37 and a 52-week high of $38.22. The company has a current ratio of 13.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $706.51 million, a PE ratio of 7.55, a P/E/G ratio of 0.65 and a beta of 2.09.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings results 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 3.91% and a return on equity of 7.81%. The firm had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. During the same quarter in the prior year, the firm earned $1.26 EPS. Beazer Homes USA's revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

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.