Deutsche Bank AG Reduces Stock Holdings in Beazer Homes USA, Inc. $BZH

Deutsche Bank AG reduced its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 76.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,752 shares of the construction company’s stock after selling 92,282 shares during the period. Deutsche Bank AG owned 0.09% of Beazer Homes USA worth $566,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in Beazer Homes USA by 11.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 345,613 shares of the construction company’s stock valued at $7,047,000 after purchasing an additional 35,901 shares during the last quarter. Vanguard Group Inc. increased its stake in Beazer Homes USA by 0.4% in the first quarter. Vanguard Group Inc. now owns 1,836,033 shares of the construction company’s stock valued at $37,437,000 after purchasing an additional 7,475 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in Beazer Homes USA by 297.4% in the first quarter. Atria Wealth Solutions Inc. now owns 54,935 shares of the construction company’s stock valued at $1,120,000 after purchasing an additional 41,112 shares during the last quarter. US Bancorp DE increased its stake in Beazer Homes USA by 48.1% in the first quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock valued at $51,000 after purchasing an additional 819 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Beazer Homes USA by 158.8% in the first quarter. GSA Capital Partners LLP now owns 71,269 shares of the construction company’s stock valued at $1,453,000 after purchasing an additional 43,728 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Beazer Homes USA Stock Performance

Shares of BZH opened at $25.39 on Wednesday. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. The firm has a market cap of $754.73 million, a PE ratio of 11.54, a price-to-earnings-growth ratio of 0.81 and a beta of 2.09. The company’s 50 day simple moving average is $23.75 and its 200-day simple moving average is $22.15. Beazer Homes USA, Inc. has a 12-month low of $17.37 and a 12-month high of $38.22.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, July 31st. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). The business had revenue of $545.37 million for the quarter, compared to analysts’ expectations of $565.47 million. Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The business’s revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.88 earnings per share. As a group, equities analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on BZH. Wedbush reiterated an “outperform” rating and issued a $41.00 price target on shares of Beazer Homes USA in a research note on Friday, August 1st. Oppenheimer reiterated an “outperform” rating and issued a $30.00 price target (down from $33.00) on shares of Beazer Homes USA in a research note on Monday, August 4th. Finally, B. Riley assumed coverage on shares of Beazer Homes USA in a research note on Monday, June 30th. They issued a “neutral” rating and a $23.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $31.33.

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.