Nuveen Asset Management LLC Reduces Stake in Beazer Homes USA, Inc. (NYSE:BZH)

Nuveen Asset Management LLC decreased its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 31.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 80,954 shares of the construction company’s stock after selling 36,883 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.26% of Beazer Homes USA worth $2,223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in shares of Beazer Homes USA by 59.3% during the 4th quarter. Millennium Management LLC now owns 18,360 shares of the construction company’s stock valued at $504,000 after buying an additional 6,831 shares in the last quarter. Deutsche Bank AG raised its holdings in Beazer Homes USA by 8.7% during the 4th quarter. Deutsche Bank AG now owns 120,034 shares of the construction company’s stock valued at $3,296,000 after acquiring an additional 9,579 shares during the period. Bridgeway Capital Management LLC lifted its position in shares of Beazer Homes USA by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 317,965 shares of the construction company’s stock worth $8,731,000 after acquiring an additional 8,248 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Beazer Homes USA by 74.0% in the fourth quarter. BNP Paribas Financial Markets now owns 99,622 shares of the construction company’s stock worth $2,736,000 after acquiring an additional 42,353 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of Beazer Homes USA by 582.0% in the fourth quarter. Algert Global LLC now owns 160,008 shares of the construction company’s stock worth $4,394,000 after acquiring an additional 136,548 shares during the period. Institutional investors own 85.65% of the company’s stock.

Insider Activity at Beazer Homes USA

In related news, Director John J. Kelley III acquired 10,000 shares of the stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the director now owns 15,917 shares of the company’s stock, valued at $342,215.50. This trade represents a 169.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.52% of the stock is owned by insiders.

Beazer Homes USA Stock Performance

Shares of BZH opened at $20.70 on Tuesday. Beazer Homes USA, Inc. has a 12-month low of $17.37 and a 12-month high of $38.22. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The company has a market cap of $627.27 million, a PE ratio of 5.27, a price-to-earnings-growth ratio of 0.35 and a beta of 2.20. The stock has a 50-day moving average price of $20.18 and a 200-day moving average price of $24.50.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $543.60 million. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on BZH shares. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 target price (down previously from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Wedbush reiterated an “outperform” rating and issued a $41.00 target price (down from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Beazer Homes USA has an average rating of “Hold” and an average price target of $37.00.

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.