Barclays PLC cut its stake in Beazer Homes USA, Inc. (NYSE:BZH – Free Report) by 25.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,629 shares of the construction company’s stock after selling 11,150 shares during the quarter. Barclays PLC owned about 0.10% of Beazer Homes USA worth $923,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in Beazer Homes USA by 83.4% in the third quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the construction company’s stock valued at $29,000 after purchasing an additional 1,367 shares during the period. Signaturefd LLC grew its stake in shares of Beazer Homes USA by 159.7% during the second quarter. Signaturefd LLC now owns 1,070 shares of the construction company’s stock valued at $30,000 after acquiring an additional 658 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Beazer Homes USA during the first quarter valued at about $31,000. Captrust Financial Advisors grew its stake in shares of Beazer Homes USA by 60.3% during the second quarter. Captrust Financial Advisors now owns 2,618 shares of the construction company’s stock valued at $32,000 after acquiring an additional 985 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Beazer Homes USA during the first quarter valued at about $40,000. 79.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. StockNews.com assumed coverage on Beazer Homes USA in a research note on Thursday, October 5th. They set a “hold” rating for the company. Wedbush reiterated a “neutral” rating and issued a $32.00 price target on shares of Beazer Homes USA in a research note on Friday. Zelman & Associates upgraded Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Sidoti upgraded Beazer Homes USA from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, August 23rd. Finally, B. Riley lifted their price target on Beazer Homes USA from $28.00 to $38.00 in a research note on Friday, July 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Beazer Homes USA currently has an average rating of “Moderate Buy” and an average price target of $35.33.
Beazer Homes USA Stock Performance
Shares of NYSE BZH opened at $26.64 on Tuesday. The firm’s 50-day moving average price is $25.47 and its two-hundred day moving average price is $26.06. The stock has a market capitalization of $834.90 million, a P/E ratio of 4.32 and a beta of 2.33. The company has a quick ratio of 2.55, a current ratio of 15.28 and a debt-to-equity ratio of 0.94. Beazer Homes USA, Inc. has a 52-week low of $12.29 and a 52-week high of $35.93.
Beazer Homes USA (NYSE:BZH – Get Free Report) last released its quarterly earnings results on Thursday, November 16th. The construction company reported $1.80 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.41. The company had revenue of $645.40 million for the quarter, compared to analysts’ expectations of $627.29 million. Beazer Homes USA had a return on equity of 18.66% and a net margin of 7.94%. The business’s revenue for the quarter was down 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.82 earnings per share. As a group, sell-side analysts forecast that Beazer Homes USA, Inc. will post 4.74 earnings per share for the current year.
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 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.
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