Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 26.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,018 shares of the construction company’s stock after selling 2,864 shares during the quarter. SG Americas Securities LLC’s holdings in Beazer Homes USA were worth $220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. USA Financial Formulas lifted its stake in shares of Beazer Homes USA by 4,947.1% in the 4th quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock worth $29,000 after acquiring an additional 841 shares during the period. AJOVista LLC acquired a new stake in Beazer Homes USA in the fourth quarter valued at about $37,000. Aigen Investment Management LP purchased a new stake in Beazer Homes USA in the 4th quarter valued at approximately $201,000. Belpointe Asset Management LLC acquired a new position in Beazer Homes USA during the 4th quarter worth approximately $207,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Beazer Homes USA during the 4th quarter worth approximately $221,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BZH. B. Riley dropped their price objective on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Oppenheimer initiated coverage on shares of Beazer Homes USA in a research note on Friday, May 31st. They set an “outperform” rating and a $37.00 price target on the stock. Zelman & Associates cut shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Finally, Wedbush lifted their price target on shares of Beazer Homes USA from $33.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $38.33.

Insiders Place Their Bets

In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the sale, the executive vice president now directly owns 150,819 shares in the company, valued at $4,701,028.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,462 shares of Beazer Homes USA stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $30.73, for a total value of $413,687.26. Following the completion of the sale, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the transaction, the executive vice president now owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The disclosure for this sale can be found here. 6.99% of the stock is currently owned by company insiders.

Beazer Homes USA Price Performance

Beazer Homes USA stock opened at $32.49 on Friday. The company has a quick ratio of 1.30, a current ratio of 13.50 and a debt-to-equity ratio of 0.88. The firm’s 50-day simple moving average is $29.35 and its 200 day simple moving average is $29.29. Beazer Homes USA, Inc. has a 52 week low of $22.03 and a 52 week high of $34.89. The firm has a market capitalization of $1.02 billion, a PE ratio of 6.27, a P/E/G ratio of 1.41 and a beta of 2.16.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. Beazer Homes USA had a net margin of 6.63% and a return on equity of 12.75%. The business had revenue of $595.68 million for the quarter, compared to analyst estimates of $597.67 million. During the same period in the prior year, the business earned $1.24 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities research analysts predict that Beazer Homes USA, Inc. will post 4.64 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.