Sei Investments Co. Cuts Position in Beazer Homes USA, Inc. (NYSE:BZH)

Sei Investments Co. lowered its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 53.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,308 shares of the construction company’s stock after selling 63,113 shares during the quarter. Sei Investments Co. owned about 0.18% of Beazer Homes USA worth $1,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in BZH. Belpointe Asset Management LLC purchased a new position in shares of Beazer Homes USA in the 4th quarter worth approximately $207,000. Brightline Capital Management LLC purchased a new stake in Beazer Homes USA in the fourth quarter valued at about $10,137,000. DGS Capital Management LLC boosted its holdings in Beazer Homes USA by 4.1% in the first quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock worth $322,000 after acquiring an additional 386 shares in the last quarter. Wealthcare Advisory Partners LLC purchased a new stake in shares of Beazer Homes USA during the first quarter worth about $660,000. Finally, Register Financial Advisors LLC raised its position in shares of Beazer Homes USA by 18.5% in the 1st quarter. Register Financial Advisors LLC now owns 56,656 shares of the construction company’s stock valued at $1,858,000 after purchasing an additional 8,847 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Insider Activity at Beazer Homes USA

In related news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the sale, the executive vice president now owns 150,819 shares in the company, valued at approximately $4,701,028.23. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $30.73, for a total value of $413,687.26. Following the completion of the sale, the executive vice president now owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the transaction, the executive vice president now directly owns 150,819 shares in the company, valued at approximately $4,701,028.23. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.99% of the company’s stock.

Beazer Homes USA Price Performance

Shares of BZH opened at $32.38 on Friday. The company has a market capitalization of $1.02 billion, a P/E ratio of 6.25, a P/E/G ratio of 1.59 and a beta of 2.17. The business’s 50-day moving average is $31.28 and its two-hundred day moving average is $29.77. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 12.42. Beazer Homes USA, Inc. has a fifty-two week low of $22.03 and a fifty-two week high of $35.20.

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 company had revenue of $595.68 million during the quarter, compared to analysts’ expectations of $597.67 million. During the same period last year, the business earned $1.24 earnings per share. Beazer Homes USA’s quarterly revenue was up 4.0% on a year-over-year basis. Research analysts predict that Beazer Homes USA, Inc. will post 4.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BZH shares. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. B. Riley reduced their target price on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Finally, StockNews.com lowered Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.67.

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.