Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by Foundry Partners LLC

Foundry Partners LLC reduced its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 6.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,205 shares of the construction company’s stock after selling 9,695 shares during the period. Foundry Partners LLC owned approximately 0.47% of Beazer Homes USA worth $4,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Marshall Wace LLP boosted its stake in shares of Beazer Homes USA by 91.9% in the second quarter. Marshall Wace LLP now owns 57,769 shares of the construction company’s stock worth $1,587,000 after buying an additional 27,666 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in shares of Beazer Homes USA during the second quarter valued at approximately $447,000. Boston Partners acquired a new position in shares of Beazer Homes USA during the first quarter valued at approximately $15,411,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Beazer Homes USA by 25.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 88,817 shares of the construction company’s stock valued at $2,441,000 after acquiring an additional 17,790 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of Beazer Homes USA during the third quarter valued at approximately $286,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at $4,199,988.24. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.99% of the stock is currently owned by company insiders.

Beazer Homes USA Trading Up 1.1 %

NYSE:BZH opened at $33.03 on Friday. The firm has a market cap of $1.03 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 0.37 and a beta of 2.18. The stock has a fifty day moving average price of $32.63 and a 200 day moving average price of $30.43. Beazer Homes USA, Inc. has a 12-month low of $25.48 and a 12-month high of $38.22. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.34. The firm had revenue of $806.20 million during the quarter, compared to analyst estimates of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. Beazer Homes USA’s revenue was up 24.9% compared to the same quarter last year. During the same period last year, the business posted $1.80 earnings per share. Sell-side analysts anticipate that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on BZH. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. Finally, B. Riley cut their target price on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.67.

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.