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

Fmr LLC cut its position in Beazer Homes USA, Inc. (NYSE:BZH) by 76.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,639 shares of the construction company’s stock after selling 30,992 shares during the period. Fmr LLC’s holdings in Beazer Homes USA were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BZH. Victory Capital Management Inc. boosted its holdings in shares of Beazer Homes USA by 711.4% during the 3rd quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock worth $7,704,000 after purchasing an additional 197,666 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Beazer Homes USA by 52.6% during the third quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock worth $18,656,000 after buying an additional 188,084 shares during the last quarter. Donald Smith & CO. Inc. grew its holdings in Beazer Homes USA by 4.9% in the 2nd quarter. Donald Smith & CO. Inc. now owns 3,086,874 shares of the construction company’s stock valued at $84,827,000 after buying an additional 143,663 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Beazer Homes USA by 27.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company’s stock worth $12,631,000 after acquiring an additional 99,959 shares during the period. Finally, Fisher Asset Management LLC acquired a new position in shares of Beazer Homes USA during the 3rd quarter valued at about $1,653,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Beazer Homes USA

In other news, CFO David I. Goldberg sold 6,057 shares of the company’s 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 sale, the chief financial officer now owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. This represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Price Performance

Shares of BZH opened at $27.92 on Friday. The firm has a 50-day simple moving average of $32.40 and a two-hundred day simple moving average of $31.06. The stock has a market cap of $866.92 million, a PE ratio of 6.16, a P/E/G ratio of 0.36 and a beta of 2.19. Beazer Homes USA, Inc. has a 1-year low of $25.48 and a 1-year high of $38.22. 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 (NYSE:BZH) last announced 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. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. The company had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. During the same quarter in the previous year, the company earned $1.80 earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. As a group, analysts forecast that Beazer Homes USA, Inc. will post 4.44 EPS 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.