Geode Capital Management LLC Decreases Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Geode Capital Management LLC decreased its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 650,330 shares of the construction company's stock after selling 13,871 shares during the quarter. Geode Capital Management LLC owned approximately 2.08% of Beazer Homes USA worth $17,863,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new position in shares of Beazer Homes USA during the 4th quarter worth approximately $148,000. Focus Financial Network Inc. acquired a new position in Beazer Homes USA in the fourth quarter valued at approximately $275,000. Proficio Capital Partners LLC bought a new stake in shares of Beazer Homes USA during the 4th quarter valued at $304,000. Counterpoint Mutual Funds LLC bought a new position in shares of Beazer Homes USA in the 4th quarter worth $330,000. Finally, SG Americas Securities LLC lifted its stake in Beazer Homes USA by 68.5% in the fourth quarter. SG Americas Securities LLC now owns 16,908 shares of the construction company's stock valued at $464,000 after buying an additional 6,876 shares during the period. 85.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wedbush restated an "outperform" rating and issued a $45.00 price target on shares of Beazer Homes USA in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $39.67.

Beazer Homes USA Trading Down 0.5 %

Shares of BZH stock traded down $0.09 during mid-day trading on Thursday, hitting $18.80. The company's stock had a trading volume of 43,865 shares, compared to its average volume of 392,168. The company has a market cap of $586.59 million, a PE ratio of 4.77, a P/E/G ratio of 0.35 and a beta of 2.05. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. The company's fifty day simple moving average is $21.07 and its 200-day simple moving average is $26.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its earnings results on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. As a group, equities research analysts expect 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.