Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by Foundry Partners LLC

Foundry Partners LLC cut its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 6.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 145,205 shares of the construction company’s stock after selling 9,695 shares during the period. Foundry Partners LLC’s holdings in Beazer Homes USA were worth $4,962,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its holdings in shares of Beazer Homes USA by 1.5% during the 3rd quarter. Donald Smith & CO. Inc. now owns 3,132,427 shares of the construction company’s stock worth $107,035,000 after buying an additional 45,553 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Beazer Homes USA by 52.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock worth $18,656,000 after purchasing an additional 188,084 shares during the period. Winslow Asset Management Inc. boosted its position in Beazer Homes USA by 0.4% during the 3rd quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company’s stock worth $16,789,000 after purchasing an additional 1,717 shares during the period. Boston Partners purchased a new stake in Beazer Homes USA during the 1st quarter worth $15,411,000. Finally, First Eagle Investment Management LLC boosted its position in Beazer Homes USA by 27.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company’s stock worth $12,631,000 after purchasing an additional 99,959 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total transaction of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at approximately $4,199,988.24. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.99% of the company’s stock.

Analyst Ratings Changes

BZH has been the subject of a number of research reports. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. B. Riley dropped their price objective on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. StockNews.com lowered shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Finally, Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $41.00 to $45.00 in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.67.

Beazer Homes USA Trading Up 1.1 %

Beazer Homes USA stock opened at $33.03 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 0.37 and a beta of 2.18. Beazer Homes USA, Inc. has a 1 year low of $25.48 and a 1 year high of $38.22. The firm’s 50 day moving average price is $32.63 and its two-hundred day moving average price is $30.43.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.34. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The firm had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. During the same quarter in the previous year, the business posted $1.80 earnings per share. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. On average, research analysts predict that Beazer Homes USA, Inc. will post 4.44 EPS for the current fiscal 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.