Wells Fargo & Company MN Buys 3,334 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Wells Fargo & Company MN lifted its position in Beazer Homes USA, Inc. (NYSE:BZH) by 13.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,492 shares of the construction company’s stock after buying an additional 3,334 shares during the period. Wells Fargo & Company MN owned approximately 0.09% of Beazer Homes USA worth $755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in BZH. Vanguard Group Inc. raised its position in Beazer Homes USA by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company’s stock worth $50,212,000 after acquiring an additional 22,033 shares during the period. Boston Partners raised its holdings in Beazer Homes USA by 5.1% in the 4th quarter. Boston Partners now owns 1,123,125 shares of the construction company’s stock worth $30,946,000 after purchasing an additional 54,959 shares during the period. First Eagle Investment Management LLC lifted its position in Beazer Homes USA by 9.1% during the fourth quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company’s stock valued at $16,810,000 after purchasing an additional 51,027 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Beazer Homes USA by 13.2% during the fourth quarter. Victory Capital Management Inc. now owns 255,113 shares of the construction company’s stock valued at $7,005,000 after purchasing an additional 29,660 shares during the period. Finally, Royce & Associates LP increased its position in Beazer Homes USA by 16.4% in the fourth quarter. Royce & Associates LP now owns 231,861 shares of the construction company’s stock worth $6,367,000 after buying an additional 32,730 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BZH shares. Wedbush reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Beazer Homes USA in a research report on Friday, January 31st. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price target (down previously from $37.00) on shares of Beazer Homes USA in a report on Tuesday. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.33.

Beazer Homes USA Price Performance

Shares of Beazer Homes USA stock opened at $19.50 on Friday. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. The stock’s 50-day simple moving average is $20.52 and its 200-day simple moving average is $26.25. The company has a market capitalization of $608.36 million, a price-to-earnings ratio of 4.96, a PEG ratio of 0.35 and a beta of 2.05.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.16. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The business had revenue of $565.34 million during the quarter, compared to the consensus estimate of $543.60 million. During the same period in the prior year, the company posted $1.26 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal 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 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.