Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 45.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,822 shares of the construction company’s stock after selling 65,333 shares during the period. JPMorgan Chase & Co. owned 0.26% of Beazer Homes USA worth $2,728,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BZH. Franklin Resources Inc. raised its stake in shares of Beazer Homes USA by 4.2% in the 3rd quarter. Franklin Resources Inc. now owns 142,220 shares of the construction company’s stock valued at $4,592,000 after purchasing an additional 5,796 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Beazer Homes USA by 16.5% during the third quarter. Sanctuary Advisors LLC now owns 15,536 shares of the construction company’s stock valued at $530,000 after buying an additional 2,197 shares in the last quarter. Barclays PLC raised its stake in Beazer Homes USA by 26.3% during the third quarter. Barclays PLC now owns 190,741 shares of the construction company’s stock valued at $6,516,000 after buying an additional 39,752 shares in the last quarter. Systematic Financial Management LP bought a new position in Beazer Homes USA during the 3rd quarter worth approximately $182,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Beazer Homes USA in the 3rd quarter worth approximately $262,000. 85.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Beazer Homes USA

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the firm’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 sale, the chief financial officer now owns 131,004 shares in the company, valued at approximately $4,199,988.24. This trade 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 can be accessed through this link. 6.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued an “outperform” rating and set a $45.00 price target on shares of Beazer Homes USA in a research report on Monday, December 23rd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Performance

Shares of NYSE BZH opened at $28.22 on Tuesday. The company has a quick ratio of 1.87, a current ratio of 14.29 and a debt-to-equity ratio of 0.83. The firm’s 50-day moving average price is $30.51 and its two-hundred day moving average price is $31.03. Beazer Homes USA, Inc. has a 52-week low of $25.39 and a 52-week high of $38.22. The stock has a market capitalization of $880.59 million, a P/E ratio of 6.23, a P/E/G ratio of 0.29 and a beta of 2.24.

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