Beazer Homes USA, Inc. (NYSE:BZH) Stock Position Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 57.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,139 shares of the construction company's stock after selling 115,663 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.27% of Beazer Homes USA worth $2,877,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its position in Beazer Homes USA by 60.5% during the 3rd quarter. American Century Companies Inc. now owns 434,648 shares of the construction company's stock worth $10,827,000 after purchasing an additional 163,760 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Beazer Homes USA during the 3rd quarter worth about $802,000. Lazard Asset Management LLC increased its position in Beazer Homes USA by 207.9% during the 3rd quarter. Lazard Asset Management LLC now owns 42,408 shares of the construction company's stock worth $1,055,000 after purchasing an additional 28,634 shares in the last quarter. Graham Capital Management L.P. purchased a new stake in Beazer Homes USA during the 3rd quarter worth about $461,000. Finally, Qube Research & Technologies Ltd increased its position in Beazer Homes USA by 723.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 126,259 shares of the construction company's stock worth $3,145,000 after purchasing an additional 110,931 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analysts Forecast Growth

BZH has been the subject of a number of recent research reports. StockNews.com upgraded Beazer Homes USA from a "sell" rating to a "hold" rating in a research report on Friday, March 29th. Wedbush lifted their price target on Beazer Homes USA from $32.00 to $33.00 and gave the company a "neutral" rating in a report on Friday, February 2nd.

Beazer Homes USA Trading Up 2.0 %

BZH traded up $0.52 during midday trading on Friday, hitting $26.31. The company's stock had a trading volume of 256,055 shares, compared to its average volume of 298,328. The company has a current ratio of 13.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87. The firm has a market cap of $830.08 million, a P/E ratio of 5.21 and a beta of 2.24. The firm has a 50-day moving average price of $30.14 and a two-hundred day moving average price of $29.31. Beazer Homes USA, Inc. has a 52-week low of $16.68 and a 52-week high of $35.93.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The construction company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). The firm had revenue of $386.80 million during the quarter, compared to analyst estimates of $420.71 million. Beazer Homes USA had a net margin of 7.26% and a return on equity of 14.09%. The business's revenue for the quarter was down 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, research analysts anticipate that Beazer Homes USA, Inc. will post 4.66 earnings per share for the current year.

About Beazer Homes USA

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.