Rhumbline Advisers Sells 18,163 Shares of Beazer Homes USA, Inc. $BZH

Rhumbline Advisers trimmed its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 28.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,564 shares of the construction company’s stock after selling 18,163 shares during the period. Rhumbline Advisers owned approximately 0.15% of Beazer Homes USA worth $929,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of BZH. Readystate Asset Management LP bought a new position in shares of Beazer Homes USA during the 1st quarter worth approximately $2,210,000. Denali Advisors LLC lifted its holdings in shares of Beazer Homes USA by 198.5% in the 1st quarter. Denali Advisors LLC now owns 147,777 shares of the construction company’s stock worth $3,013,000 after purchasing an additional 98,277 shares in the last quarter. Nuveen LLC bought a new position in shares of Beazer Homes USA in the 1st quarter worth $1,651,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Beazer Homes USA in the 4th quarter worth $2,077,000. Finally, Round Hill Asset Management bought a new position in shares of Beazer Homes USA in the 1st quarter worth $1,315,000. 85.65% of the stock is currently owned by institutional investors.

Beazer Homes USA Trading Down 3.2%

Shares of BZH opened at $24.89 on Friday. The business has a 50-day moving average of $24.72 and a 200 day moving average of $22.42. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The firm has a market cap of $740.00 million, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 0.79 and a beta of 2.12. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.91 and a current ratio of 13.33.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data 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). Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The firm had revenue of $545.37 million during the quarter, compared to analysts’ expectations of $565.47 million. During the same period last year, the business posted $0.88 EPS. The company’s revenue was down 8.4% compared to the same quarter last year. As a group, research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.