LSV Asset Management Sells 24,200 Shares of Beazer Homes USA, Inc. $BZH

LSV Asset Management lowered its position in Beazer Homes USA, Inc. (NYSE:BZH) by 6.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 336,451 shares of the construction company’s stock after selling 24,200 shares during the period. LSV Asset Management owned 1.13% of Beazer Homes USA worth $8,260,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Royal Bank of Canada increased its holdings in Beazer Homes USA by 1.8% during the 1st quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock valued at $1,507,000 after purchasing an additional 1,279 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Beazer Homes USA by 35.5% in the first quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock valued at $4,055,000 after buying an additional 52,062 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $353,000 after buying an additional 734 shares during the last quarter. CWM LLC lifted its position in Beazer Homes USA by 69.2% during the 2nd quarter. CWM LLC now owns 6,771 shares of the construction company’s stock worth $151,000 after buying an additional 2,769 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Beazer Homes USA by 58.3% during the 2nd quarter. AlphaQuest LLC now owns 4,300 shares of the construction company’s stock worth $96,000 after acquiring an additional 1,583 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Friday, January 16th. Wall Street Zen cut shares of Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings downgraded Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.33.

Beazer Homes USA Trading Up 4.2%

BZH opened at $27.72 on Monday. The firm has a 50 day simple moving average of $22.73 and a 200 day simple moving average of $23.35. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $28.11. The company has a market cap of $817.87 million, a price-to-earnings ratio of 92.39, a price-to-earnings-growth ratio of 2.29 and a beta of 2.21. The company has a debt-to-equity ratio of 0.94, a current ratio of 19.62 and a quick ratio of 1.81.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, January 29th. The construction company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.41). The business had revenue of $363.49 million during the quarter, compared to the consensus estimate of $423.23 million. Beazer Homes USA had a net margin of 0.44% and a return on equity of 2.11%. Beazer Homes USA’s revenue was down 22.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. On average, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Beazer Homes USA Profile

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.