First Eagle Investment Management LLC Has $15.10 Million Stock Holdings in Beazer Homes USA, Inc. $BZH

First Eagle Investment Management LLC trimmed its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 2.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 675,175 shares of the construction company’s stock after selling 20,000 shares during the quarter. First Eagle Investment Management LLC’s holdings in Beazer Homes USA were worth $15,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Beazer Homes USA by 0.6% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 76,110 shares of the construction company’s stock valued at $1,552,000 after purchasing an additional 476 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Beazer Homes USA by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock worth $353,000 after purchasing an additional 734 shares during the period. US Bancorp DE boosted its stake in Beazer Homes USA by 48.1% during the first quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock worth $51,000 after buying an additional 819 shares in the last quarter. GHE LLC increased its holdings in Beazer Homes USA by 1.2% in the 1st quarter. GHE LLC now owns 70,637 shares of the construction company’s stock valued at $1,440,000 after buying an additional 859 shares during the period. Finally, Belpointe Asset Management LLC raised its stake in shares of Beazer Homes USA by 11.0% in the 1st quarter. Belpointe Asset Management LLC now owns 10,319 shares of the construction company’s stock valued at $210,000 after buying an additional 1,021 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

NYSE:BZH opened at $22.06 on Friday. The stock has a market capitalization of $655.79 million, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 0.61 and a beta of 2.16. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. Beazer Homes USA, Inc. has a 1 year low of $17.37 and a 1 year high of $38.22. The firm has a 50 day moving average of $24.13 and a 200-day moving average of $23.11.

Analyst Ratings Changes

Several analysts have recently weighed in on BZH shares. Wedbush reiterated an “outperform” rating and set a $41.00 target price on shares of Beazer Homes USA in a research report on Friday, August 1st. Oppenheimer reaffirmed an “outperform” rating and set a $30.00 price objective (down from $33.00) on shares of Beazer Homes USA in a report on Monday, August 4th. Zacks Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Beazer Homes USA in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.