Nuveen Asset Management LLC Lowers Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Nuveen Asset Management LLC trimmed its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 31.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,954 shares of the construction company's stock after selling 36,883 shares during the period. Nuveen Asset Management LLC owned approximately 0.26% of Beazer Homes USA worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sterling Capital Management LLC increased its holdings in shares of Beazer Homes USA by 776.2% in the 4th 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 last quarter. Quarry LP purchased a new stake in Beazer Homes USA during the fourth quarter valued at approximately $69,000. KLP Kapitalforvaltning AS bought a new stake in shares of Beazer Homes USA in the 4th quarter valued at approximately $148,000. Tower Research Capital LLC TRC boosted its holdings in shares of Beazer Homes USA by 61.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company's stock worth $165,000 after purchasing an additional 2,290 shares during the period. Finally, Focus Financial Network Inc. purchased a new stake in Beazer Homes USA during the 4th quarter valued at $275,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director John J. Kelley III purchased 10,000 shares of the business's stock in a transaction on Friday, May 9th. The shares were acquired at an average price 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 $342,215.50. This trade represents a 169.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.52% of the stock is owned by company insiders.

Beazer Homes USA Stock Down 2.2%

NYSE BZH traded down $0.48 during trading on Friday, reaching $21.36. 290,131 shares of the company's stock traded hands, compared to its average volume of 396,566. The firm has a market cap of $647.24 million, a price-to-earnings ratio of 5.43, a price-to-earnings-growth ratio of 0.35 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 company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25. The company's 50 day simple moving average is $20.24 and its two-hundred day simple moving average is $24.38.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its earnings results on Thursday, May 1st. The construction company reported $0.42 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 5.04% and a return on equity of 10.12%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. As a group, sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.