Bank of Montreal Can Reduces Position in Beazer Homes USA, Inc. (NYSE:BZH)

Bank of Montreal Can lessened its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 8.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,082 shares of the construction company’s stock after selling 1,883 shares during the quarter. Bank of Montreal Can owned about 0.07% of Beazer Homes USA worth $589,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of Beazer Homes USA during the 2nd quarter valued at $88,000. Capstone Investment Advisors LLC lifted its holdings in shares of Beazer Homes USA by 8.2% in the first quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock worth $232,000 after buying an additional 533 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Beazer Homes USA by 10.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company’s stock worth $274,000 after buying an additional 967 shares in the last quarter. DGS Capital Management LLC boosted its position in shares of 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 valued at $322,000 after acquiring an additional 386 shares during the period. Finally, Koss Olinger Consulting LLC purchased a new position in Beazer Homes USA during the second quarter valued at approximately $447,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Trading Up 0.8 %

Shares of BZH opened at $32.24 on Wednesday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 6.22, a PEG ratio of 1.59 and a beta of 2.17. Beazer Homes USA, Inc. has a twelve month low of $22.03 and a twelve month high of $35.20. The company has a quick ratio of 0.92, a current ratio of 12.42 and a debt-to-equity ratio of 0.91. The firm has a fifty day simple moving average of $31.24 and a two-hundred day simple moving average of $29.76.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, topping 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 company had revenue of $595.68 million during the quarter, compared to analyst estimates of $597.67 million. During the same period in the prior year, the business posted $1.24 earnings per share. Beazer Homes USA’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, research analysts anticipate that Beazer Homes USA, Inc. will post 4.2 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on BZH shares. Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. StockNews.com lowered Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Wedbush upgraded Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. Finally, B. Riley lowered their price target on 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 research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Beazer Homes USA has a consensus rating of “Hold” and an average price target of $39.67.

Insider Transactions at Beazer Homes USA

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’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 transaction, the executive vice president now directly owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the firm’s stock in a transaction dated 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 directly owns 150,819 shares in the company, valued at $4,701,028.23. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Keith L. Belknap, Jr. sold 13,462 shares of Beazer Homes USA stock in a transaction that occurred 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 sale, the executive vice president now directly owns 164,119 shares in the company, valued at approximately $5,043,376.87. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.