Russell Investments Group Ltd. Has $2.73 Million Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Russell Investments Group Ltd. cut its stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99,358 shares of the construction company's stock after selling 18,336 shares during the period. Russell Investments Group Ltd. owned approximately 0.32% of Beazer Homes USA worth $2,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BZH. Focus Financial Network Inc. acquired a new position in shares of Beazer Homes USA during the fourth quarter valued at about $275,000. Ritholtz Wealth Management raised its holdings in Beazer Homes USA by 26.4% in the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company's stock valued at $689,000 after acquiring an additional 5,235 shares in the last quarter. Norges Bank acquired a new position in Beazer Homes USA in the 4th quarter valued at approximately $4,149,000. Proficio Capital Partners LLC bought a new stake in shares of Beazer Homes USA in the 4th quarter worth approximately $304,000. Finally, Barclays PLC grew its holdings in shares of Beazer Homes USA by 26.3% during the 3rd quarter. Barclays PLC now owns 190,741 shares of the construction company's stock worth $6,516,000 after purchasing an additional 39,752 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Beazer Homes USA Price Performance

Beazer Homes USA stock traded up $0.44 during mid-day trading on Wednesday, hitting $19.50. 103,709 shares of the company were exchanged, compared to its average volume of 447,110. The company has a market capitalization of $608.46 million, a PE ratio of 4.96, a price-to-earnings-growth ratio of 0.35 and a beta of 2.05. The business has a fifty day moving average of $21.20 and a 200 day moving average of $26.82. Beazer Homes USA, Inc. has a 1-year low of $17.37 and a 1-year high of $38.22. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced 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, sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

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.