Geode Capital Management LLC Cuts Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Geode Capital Management LLC reduced its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 650,330 shares of the construction company’s stock after selling 13,871 shares during the period. Geode Capital Management LLC owned approximately 2.08% of Beazer Homes USA worth $17,863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BZH. Norges Bank purchased a new stake in Beazer Homes USA during the 4th quarter worth about $4,149,000. JPMorgan Chase & Co. grew its position in shares of Beazer Homes USA by 31.9% during the fourth quarter. JPMorgan Chase & Co. now owns 105,306 shares of the construction company’s stock worth $2,892,000 after buying an additional 25,484 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Beazer Homes USA by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company’s stock worth $50,212,000 after buying an additional 22,033 shares during the period. Fox Run Management L.L.C. raised its holdings in Beazer Homes USA by 55.6% in the fourth quarter. Fox Run Management L.L.C. now owns 23,911 shares of the construction company’s stock valued at $657,000 after acquiring an additional 8,548 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Beazer Homes USA in the fourth quarter valued at approximately $148,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Beazer Homes USA Trading Up 3.5 %

BZH opened at $18.57 on Friday. The business’s 50-day simple moving average is $21.43 and its 200-day simple moving average is $27.02. The company has a market cap of $579.38 million, a P/E ratio of 4.72, a PEG ratio of 0.35 and a beta of 2.05. Beazer Homes USA, Inc. has a one year low of $17.37 and a one year high of $38.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. As a group, equities research analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wedbush reissued an “outperform” rating and issued a $45.00 price objective on shares of Beazer Homes USA in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Beazer Homes USA has a consensus rating of “Hold” and an average target price of $39.67.

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 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.