DekaBank Deutsche Girozentrale Sells 2,755 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

DekaBank Deutsche Girozentrale cut its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 31.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,056 shares of the construction company’s stock after selling 2,755 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Beazer Homes USA were worth $203,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. American Century Companies Inc. raised its stake in Beazer Homes USA by 60.5% during the 3rd quarter. American Century Companies Inc. now owns 434,648 shares of the construction company’s stock valued at $10,827,000 after purchasing an additional 163,760 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Beazer Homes USA during the third quarter valued at approximately $802,000. Lazard Asset Management LLC lifted its holdings in shares of Beazer Homes USA by 207.9% in the third quarter. Lazard Asset Management LLC now owns 42,408 shares of the construction company’s stock worth $1,055,000 after buying an additional 28,634 shares in the last quarter. Graham Capital Management L.P. bought a new position in shares of Beazer Homes USA during the third quarter worth $461,000. Finally, Qube Research & Technologies Ltd grew its stake in Beazer Homes USA by 723.7% during the third quarter. Qube Research & Technologies Ltd now owns 126,259 shares of the construction company’s stock valued at $3,145,000 after acquiring an additional 110,931 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Wedbush increased their price target on Beazer Homes USA from $32.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, February 2nd.

Beazer Homes USA Price Performance

Beazer Homes USA stock opened at $26.41 on Wednesday. Beazer Homes USA, Inc. has a 52-week low of $16.58 and a 52-week high of $35.93. The company has a market cap of $833.24 million, a price-to-earnings ratio of 5.23 and a beta of 2.24. The firm’s fifty day moving average is $30.32 and its 200 day moving average is $29.26. The company has a quick ratio of 1.32, a current ratio of 13.95 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, February 1st. The construction company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). Beazer Homes USA had a net margin of 7.26% and a return on equity of 14.09%. The business had revenue of $386.80 million during the quarter, compared to the consensus estimate of $420.71 million. During the same period in the previous year, the business posted $0.80 EPS. The firm’s revenue was down 13.1% on a year-over-year basis. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 4.66 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.