Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by Summit Global Investments

Summit Global Investments decreased its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,416 shares of the construction company’s stock after selling 3,748 shares during the quarter. Summit Global Investments owned about 0.16% of Beazer Homes USA worth $1,670,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Beazer Homes USA by 60.5% in the 3rd quarter. American Century Companies Inc. now owns 434,648 shares of the construction company’s stock valued at $10,827,000 after purchasing an additional 163,760 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in shares of Beazer Homes USA by 58.9% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after acquiring an additional 958,814 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Beazer Homes USA during the 4th quarter valued at approximately $24,971,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Beazer Homes USA during the 3rd quarter worth approximately $802,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Beazer Homes USA by 207.9% in the 3rd quarter. Lazard Asset Management LLC now owns 42,408 shares of the construction company’s stock worth $1,055,000 after acquiring an additional 28,634 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

BZH has been the topic of a number of research analyst reports. StockNews.com upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Wedbush reiterated a “neutral” rating and issued a $33.00 price objective on shares of Beazer Homes USA in a research report on Thursday.

Beazer Homes USA Price Performance

Shares of Beazer Homes USA stock traded up $0.68 during trading on Friday, hitting $27.69. 541,536 shares of the company were exchanged, compared to its average volume of 336,249. Beazer Homes USA, Inc. has a fifty-two week low of $19.67 and a fifty-two week high of $35.93. The company has a quick ratio of 1.32, a current ratio of 13.95 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average price of $29.79 and a 200 day moving average price of $29.47. The stock has a market capitalization of $873.62 million, a price-to-earnings ratio of 5.35 and a beta of 2.25.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.35. The company had revenue of $541.50 million during the quarter, compared to analysts’ expectations of $569.88 million. Beazer Homes USA had a return on equity of 14.20% and a net margin of 7.48%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 earnings per share. On average, equities analysts expect that Beazer Homes USA, Inc. will post 4.66 earnings per share for the current fiscal year.

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.