Rhumbline Advisers reduced its position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 28.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,564 shares of the construction company's stock after selling 18,163 shares during the period. Rhumbline Advisers owned approximately 0.15% of Beazer Homes USA worth $929,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of BZH. Vanguard Group Inc. raised its holdings in Beazer Homes USA by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company's stock valued at $50,212,000 after buying an additional 22,033 shares during the period. Boston Partners increased its position in shares of Beazer Homes USA by 5.1% in the fourth quarter. Boston Partners now owns 1,123,125 shares of the construction company's stock worth $30,946,000 after acquiring an additional 54,959 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Beazer Homes USA by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,075,199 shares of the construction company's stock valued at $29,525,000 after acquiring an additional 5,431 shares during the period. Mill Road Capital Management LLC raised its stake in shares of Beazer Homes USA by 81.0% in the 4th quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock valued at $18,290,000 after acquiring an additional 297,989 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Beazer Homes USA by 9.1% during the 4th quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company's stock valued at $16,810,000 after acquiring an additional 51,027 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.
Beazer Homes USA Stock Up 0.5%
BZH traded up $0.11 during trading hours on Tuesday, reaching $22.44. 249,533 shares of the stock traded hands, compared to its average volume of 391,474. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The company has a market cap of $679.93 million, a price-to-earnings ratio of 7.26, a PEG ratio of 0.60 and a beta of 2.10. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.07 and a quick ratio of 0.96. The firm's fifty day simple moving average is $20.88 and its two-hundred day simple moving average is $23.22.
Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.16. Beazer Homes USA had a return on equity of 7.81% and a net margin of 3.91%. The company had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. During the same period last year, the firm earned $1.26 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. As a group, analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. Wedbush reiterated an "outperform" rating and issued a $41.00 price target (down from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Oppenheimer reaffirmed an "outperform" rating and issued a $33.00 target price (down previously from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $37.00.
View Our Latest Analysis on Beazer Homes USA
Insider Buying and Selling at Beazer Homes USA
In related news, Director John J. Kelley III bought 10,000 shares of the business's stock in a transaction dated 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 in the company, valued at $342,215.50. This trade represents a 169.00% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.52% of the stock is owned by insiders.
Beazer Homes USA Company Profile
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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.
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