Russell Investments Group Ltd. Sells 16,340 Shares of Beazer Homes USA, Inc. $BZH

Russell Investments Group Ltd. reduced its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 16.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,018 shares of the construction company’s stock after selling 16,340 shares during the quarter. Russell Investments Group Ltd. owned 0.27% of Beazer Homes USA worth $1,693,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Beazer Homes USA in the 4th quarter worth about $34,000. US Bancorp DE increased its stake in Beazer Homes USA by 48.1% in the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock worth $51,000 after acquiring an additional 819 shares during the last quarter. Quarry LP bought a new position in Beazer Homes USA in the 4th quarter worth about $69,000. CWM LLC increased its stake in Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company’s stock worth $82,000 after acquiring an additional 2,391 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Beazer Homes USA in the 1st quarter worth about $99,000. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and issued a $41.00 price objective on shares of Beazer Homes USA in a report on Friday, August 1st. B. Riley assumed coverage on Beazer Homes USA in a report on Monday, June 30th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Oppenheimer reiterated an “outperform” rating and issued a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.33.

Beazer Homes USA Trading Down 1.1%

Shares of BZH stock opened at $25.39 on Wednesday. The stock has a market capitalization of $754.73 million, a PE ratio of 11.54, a P/E/G ratio of 0.81 and a beta of 2.09. Beazer Homes USA, Inc. has a 1-year low of $17.37 and a 1-year high of $38.22. The business has a 50-day moving average of $23.75 and a 200 day moving average of $22.15. The company has a debt-to-equity ratio of 0.94, a current ratio of 13.33 and a quick ratio of 0.91.

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

Beazer Homes USA 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.