Geode Capital Management LLC Has $22.70 Million Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Geode Capital Management LLC cut its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 1.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 664,201 shares of the construction company’s stock after selling 7,602 shares during the period. Geode Capital Management LLC owned approximately 2.14% of Beazer Homes USA worth $22,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BZH. Bank of New York Mellon Corp boosted its stake in Beazer Homes USA by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 152,545 shares of the construction company’s stock worth $4,192,000 after purchasing an additional 9,561 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Beazer Homes USA by 25.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 88,817 shares of the construction company’s stock worth $2,441,000 after purchasing an additional 17,790 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Beazer Homes USA by 9.5% during the 2nd quarter. Principal Financial Group Inc. now owns 20,505 shares of the construction company’s stock worth $563,000 after buying an additional 1,771 shares during the last quarter. Ritholtz Wealth Management acquired a new position in shares of Beazer Homes USA during the 2nd quarter worth about $545,000. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Beazer Homes USA during the 2nd quarter worth about $447,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on BZH. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Wedbush restated an “outperform” rating and set a $45.00 price objective on shares of Beazer Homes USA in a research note on Monday, December 23rd. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Trading Down 1.8 %

Shares of NYSE:BZH opened at $27.61 on Friday. Beazer Homes USA, Inc. has a 52-week low of $25.48 and a 52-week high of $38.22. The company has a market capitalization of $861.51 million, a P/E ratio of 6.09, a price-to-earnings-growth ratio of 0.36 and a beta of 2.19. The company has a 50-day simple moving average of $31.90 and a 200 day simple moving average of $31.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.34. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The business had revenue of $806.20 million during the quarter, compared to the consensus estimate of $775.42 million. During the same period last year, the business posted $1.80 EPS. Beazer Homes USA’s revenue was up 24.9% on a year-over-year basis. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current year.

Insider Activity at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the transaction, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at $4,199,988.24. This represents a 4.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.99% of the stock is currently owned by company insiders.

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.