UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Beazer Homes USA, Inc. (NYSE:BZH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 13.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,362 shares of the construction company’s stock after selling 6,347 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Beazer Homes USA worth $1,413,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BZH. Innealta Capital LLC purchased a new stake in shares of Beazer Homes USA in the 2nd quarter valued at about $88,000. Metis Global Partners LLC purchased a new stake in Beazer Homes USA in the third quarter valued at approximately $201,000. Creative Planning bought a new stake in Beazer Homes USA during the third quarter valued at approximately $286,000. SG Americas Securities LLC grew its stake in Beazer Homes USA by 25.1% in the 3rd quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company’s stock worth $343,000 after buying an additional 2,014 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Beazer Homes USA by 4.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 10,390 shares of the construction company’s stock worth $355,000 after buying an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Price Performance

BZH opened at $29.99 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 14.29 and a quick ratio of 1.87. Beazer Homes USA, Inc. has a 1 year low of $25.48 and a 1 year high of $38.22. The stock’s 50 day simple moving average is $32.62 and its 200 day simple moving average is $31.11. The firm has a market cap of $931.19 million, a price-to-earnings ratio of 6.62, a PEG ratio of 0.36 and a beta of 2.19.

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $45.00 in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.67.

Insider Transactions at Beazer Homes USA

In related news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were 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 $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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.99% of the company’s stock.

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.