Beazer Homes USA, Inc. $BZH Stake Lessened by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. sold 16,340 shares of Beazer Homes USA, Inc., reducing its holdings by 16.4% and now owns 83,018 shares valued at approximately $1.69 million.
• As of now, **85.65%** of Beazer Homes' stock is held by institutional investors, with significant stake changes from firms like US Bancorp DE and CWM LLC.
• Analysts have varied ratings for Beazer Homes, with targets ranging from **$23.00** to **$41.00**, resulting in an average target price of **$31.33** and an overall rating of "Hold".

Russell Investments Group Ltd. lowered its position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,018 shares of the construction company's stock after selling 16,340 shares during the period. Russell Investments Group Ltd. owned about 0.27% of Beazer Homes USA worth $1,693,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Beazer Homes USA in the 4th quarter valued at $34,000. Quarry LP purchased a new position in shares of Beazer Homes USA during the 4th quarter worth $69,000. US Bancorp DE grew its stake in shares of Beazer Homes USA by 48.1% in the first quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock valued at $51,000 after buying an additional 819 shares in the last quarter. CWM LLC increased its position in shares of Beazer Homes USA by 148.4% during the first quarter. CWM LLC now owns 4,002 shares of the construction company's stock worth $82,000 after acquiring an additional 2,391 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new position in Beazer Homes USA in the first quarter worth approximately $99,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wedbush restated an "outperform" rating and set a $41.00 price objective on shares of Beazer Homes USA in a research report on Friday, August 1st. Oppenheimer reiterated an "outperform" rating and set a $30.00 price target (down from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Finally, B. Riley began coverage on Beazer Homes USA in a research report on Monday, June 30th. They set a "neutral" rating and a $23.00 price objective for the company. Two 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $31.33.

Beazer Homes USA Stock Performance

NYSE:BZH traded down $0.00 during trading hours on Monday, reaching $25.20. 268,484 shares of the stock were exchanged, 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. The firm has a 50 day simple moving average of $23.98 and a 200-day simple moving average of $22.17. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. 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 announced its quarterly earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.16). The company had revenue of $545.37 million during 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 company's revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the business posted $0.88 EPS. As a group, sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal 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.