Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 20.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,269 shares of the construction company’s stock after selling 14,510 shares during the period. BNP Paribas Financial Markets owned about 0.18% of Beazer Homes USA worth $1,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BZH. Innealta Capital LLC acquired a new stake in Beazer Homes USA during the 2nd quarter valued at approximately $88,000. Metis Global Partners LLC acquired a new stake in shares of Beazer Homes USA during the third quarter worth approximately $201,000. Creative Planning bought a new stake in shares of Beazer Homes USA in the third quarter worth $286,000. SG Americas Securities LLC raised its holdings in Beazer Homes USA by 25.1% in the third quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company’s stock valued at $343,000 after acquiring an additional 2,014 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in Beazer Homes USA by 4.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 10,390 shares of the construction company’s stock valued at $355,000 after acquiring an additional 408 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Beazer Homes USA Stock Performance

Shares of BZH opened at $32.27 on Friday. The firm has a market capitalization of $1.00 billion, a PE ratio of 7.12, a P/E/G ratio of 0.38 and a beta of 2.19. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $32.84 and a 200 day moving average price of $30.90. Beazer Homes USA, Inc. has a 52-week low of $25.48 and a 52-week high of $38.22.

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

Insider Buying and Selling

In other news, CFO David I. Goldberg sold 6,057 shares of Beazer Homes USA stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the transaction, the chief financial officer now owns 131,004 shares in the company, valued at approximately $4,199,988.24. The trade was a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.99% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BZH has been the topic of several research analyst reports. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from 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.