Janney Montgomery Scott LLC Has $889,000 Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

Janney Montgomery Scott LLC cut its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 68.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,003 shares of the construction company’s stock after selling 55,810 shares during the quarter. Janney Montgomery Scott LLC owned about 0.08% of Beazer Homes USA worth $889,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BZH. Innealta Capital LLC bought a new position in Beazer Homes USA during the second quarter valued at about $88,000. Harbor Capital Advisors Inc. increased its position in shares of Beazer Homes USA by 10.7% during the second quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company’s stock valued at $274,000 after purchasing an additional 967 shares during the period. Creative Planning acquired a new position in shares of Beazer Homes USA in the third quarter valued at $286,000. SG Americas Securities LLC lifted its position in Beazer Homes USA by 25.1% in the third quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company’s stock worth $343,000 after purchasing an additional 2,014 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Beazer Homes USA in the second quarter worth $379,000. 85.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BZH shares. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. StockNews.com downgraded shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. Finally, B. Riley reduced their price target on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.67.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.99% of the stock is owned by company insiders.

Beazer Homes USA Stock Down 3.8 %

Shares of NYSE:BZH opened at $33.30 on Friday. 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 market cap of $1.03 billion, a P/E ratio of 7.35, a P/E/G ratio of 1.35 and a beta of 2.18. Beazer Homes USA, Inc. has a 12 month low of $25.48 and a 12 month high of $38.22. The company’s 50-day moving average price is $32.53 and its two-hundred day moving average price is $30.31.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, beating 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 12.15%. The business had revenue of $806.20 million during the quarter, compared to analyst estimates of $775.42 million. During the same quarter last year, the business posted $1.80 earnings per share. Beazer Homes USA’s revenue for the quarter was up 24.9% compared to the same quarter last year. As a group, research analysts forecast that Beazer Homes USA, Inc. will post 4.72 EPS for the current fiscal 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.