Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 48.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,474 shares of the construction company’s stock after selling 5,106 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Beazer Homes USA were worth $112,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BZH. Sterling Capital Management LLC lifted its holdings in shares of Beazer Homes USA by 776.2% in the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after buying an additional 815 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Beazer Homes USA in the 4th quarter valued at approximately $34,000. Quarry LP acquired a new position in Beazer Homes USA during the fourth quarter worth $69,000. KLP Kapitalforvaltning AS acquired a new position in Beazer Homes USA during the fourth quarter worth $148,000. Finally, Tower Research Capital LLC TRC raised its holdings in Beazer Homes USA by 61.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,018 shares of the construction company’s stock worth $165,000 after purchasing an additional 2,290 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price objective (down from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Wedbush reaffirmed an “outperform” rating and set a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $37.00.

Beazer Homes USA Stock Performance

NYSE BZH opened at $21.47 on Monday. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The stock has a market cap of $650.70 million, a price-to-earnings ratio of 5.46, a price-to-earnings-growth ratio of 0.35 and a beta of 2.09. The business has a fifty day moving average of $20.53 and a 200-day moving average of $23.74. 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 (NYSE:BZH) last released its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, topping 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 company had revenue of $565.34 million during the quarter, compared to analysts’ expectations of $543.60 million. During the same period in the previous year, the firm posted $1.26 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Insider Transactions at Beazer Homes USA

In other Beazer Homes USA news, Director John J. Kelley III acquired 10,000 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the transaction, the director now directly owns 15,917 shares in the company, valued at approximately $342,215.50. This trade represents a 169.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.52% of the company’s stock.

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.