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

Summit Global Investments decreased its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 64.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,467 shares of the construction company’s stock after selling 26,200 shares during the quarter. Summit Global Investments’ holdings in Beazer Homes USA were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BZH. Point72 Asset Management L.P. purchased a new stake in Beazer Homes USA during the third quarter worth $125,000. Systematic Financial Management LP purchased a new stake in shares of Beazer Homes USA in the 3rd quarter worth about $182,000. Quadrature Capital Ltd purchased a new stake in shares of Beazer Homes USA in the 3rd quarter worth about $262,000. Focus Financial Network Inc. acquired a new stake in Beazer Homes USA in the 4th quarter valued at about $275,000. Finally, Proficio Capital Partners LLC purchased a new position in Beazer Homes USA during the 4th quarter valued at about $304,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wedbush reiterated an “outperform” rating and issued a $45.00 price target on shares of Beazer Homes USA in a research report on Friday, January 31st. 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Trading Up 4.1 %

Shares of BZH opened at $22.25 on Tuesday. Beazer Homes USA, Inc. has a fifty-two week low of $20.66 and a fifty-two week high of $38.22. The stock has a fifty day moving average of $24.06 and a two-hundred day moving average of $28.93. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The company has a market capitalization of $694.24 million, a PE ratio of 5.66, a price-to-earnings-growth ratio of 0.35 and a beta of 2.26.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. As a group, analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

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.