Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 49.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,682 shares of the construction company’s stock after selling 281,906 shares during the period. American Century Companies Inc. owned approximately 0.91% of Beazer Homes USA worth $7,878,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BZH. Foundry Partners LLC raised its holdings in shares of Beazer Homes USA by 29.4% in the 1st quarter. Foundry Partners LLC now owns 163,805 shares of the construction company’s stock valued at $5,373,000 after buying an additional 37,200 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Beazer Homes USA by 53.3% in the first quarter. First Eagle Investment Management LLC now owns 359,686 shares of the construction company’s stock valued at $11,798,000 after purchasing an additional 125,100 shares during the period. EMG Holdings L.P. acquired a new position in shares of Beazer Homes USA in the fourth quarter valued at approximately $4,831,000. Brightline Capital Management LLC purchased a new stake in Beazer Homes USA during the 4th quarter worth approximately $10,137,000. Finally, Koss Olinger Consulting LLC purchased a new position in Beazer Homes USA in the 2nd quarter valued at approximately $447,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Stock Performance

Shares of BZH opened at $33.49 on Tuesday. 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, Inc. has a 52-week low of $22.03 and a 52-week high of $35.20. The stock has a 50 day moving average price of $31.16 and a 200 day moving average price of $29.59. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 1.48 and a beta of 2.17.

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

Wall Street Analysts Forecast Growth

BZH has been the topic of several analyst reports. StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Oppenheimer initiated coverage on shares of Beazer Homes USA in a report on Friday, May 31st. They issued an “outperform” rating and a $37.00 target price on the stock. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $41.00 to $45.00 in a report on Thursday, September 5th. Finally, B. Riley reduced their price objective on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.67.

Insider Transactions at Beazer Homes USA

In related news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the sale, the executive vice president now directly owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the sale, the executive vice president now owns 150,819 shares in the company, valued at approximately $4,701,028.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $30.73, for a total transaction of $413,687.26. Following the sale, the executive vice president now 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. 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.