Victory Capital Management Inc. Sells 28,879 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Victory Capital Management Inc. trimmed its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 51.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,787 shares of the construction company’s stock after selling 28,879 shares during the period. Victory Capital Management Inc. owned about 0.09% of Beazer Homes USA worth $764,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Foundry Partners LLC raised its stake in shares of Beazer Homes USA by 29.4% during the 1st quarter. Foundry Partners LLC now owns 163,805 shares of the construction company’s stock worth $5,373,000 after purchasing an additional 37,200 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Beazer Homes USA by 53.3% during the 1st quarter. First Eagle Investment Management LLC now owns 359,686 shares of the construction company’s stock worth $11,798,000 after purchasing an additional 125,100 shares during the period. EMG Holdings L.P. bought a new stake in shares of Beazer Homes USA during the 4th quarter worth $4,831,000. Brightline Capital Management LLC bought a new stake in shares of Beazer Homes USA during the 4th quarter worth $10,137,000. Finally, Boston Partners bought a new stake in shares of Beazer Homes USA during the 1st quarter worth $15,411,000. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BZH shares. StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. B. Riley lowered their price objective on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. Finally, Oppenheimer began coverage on Beazer Homes USA in a research note on Friday, May 31st. They issued an “outperform” rating and a $37.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Trading Down 3.6 %

Shares of BZH opened at $33.31 on Friday. The business’s 50-day moving average price is $31.11 and its 200-day moving average price is $29.57. Beazer Homes USA, Inc. has a twelve month low of $22.03 and a twelve month high of $35.20. The stock has a market cap of $1.05 billion, a PE ratio of 6.43, a P/E/G ratio of 1.48 and a beta of 2.17. The company has a quick ratio of 0.92, a current ratio of 12.42 and a debt-to-equity ratio of 0.91.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The firm had revenue of $595.68 million for the quarter, compared to analysts’ expectations of $597.67 million. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Beazer Homes USA, Inc. will post 4.2 EPS for the current fiscal year.

Insider Activity

In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.17, for a total transaction of $414,561.00. Following the completion of the transaction, the executive vice president now owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.17, for a total transaction of $414,561.00. Following the completion of the transaction, the executive vice president now owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $30.73, for a total value of $413,687.26. Following the transaction, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The disclosure for this sale can be found here. Company insiders own 6.99% of the company’s stock.

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.