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

LSV Asset Management decreased its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 336,451 shares of the construction company’s stock after selling 24,200 shares during the quarter. LSV Asset Management’s holdings in Beazer Homes USA were worth $8,260,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Beazer Homes USA by 1.8% in the first 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 grew its holdings in shares of Beazer Homes USA by 35.5% in the 1st 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Beazer Homes USA by 4.4% in the 1st 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 period. CWM LLC increased its position in shares of Beazer Homes USA by 69.2% in the 2nd quarter. CWM LLC now owns 6,771 shares of the construction company’s stock valued at $151,000 after buying an additional 2,769 shares in the last quarter. Finally, AlphaQuest LLC raised its stake 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 buying an additional 1,583 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

Beazer Homes USA Stock Performance

BZH opened at $27.72 on Monday. The company has a market capitalization of $817.87 million, a price-to-earnings ratio of 92.39, a P/E/G ratio of 2.29 and a beta of 2.21. The business’s 50-day moving average price is $22.73 and its two-hundred day moving average price is $23.35. Beazer Homes USA, Inc. has a 1 year low of $17.37 and a 1 year high of $28.11. 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 posted 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). Beazer Homes USA had a return on equity of 2.11% and a net margin of 0.44%.The firm had revenue of $363.49 million for the quarter, compared to the consensus estimate of $423.23 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was down 22.5% compared to the same quarter last year. Equities analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal 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.