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

Summit Global Investments lowered its position in Beazer Homes USA, Inc. (NYSE:BZH) by 64.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners raised its holdings in shares of Beazer Homes USA by 5.1% in the 4th quarter. Boston Partners now owns 1,123,125 shares of the construction company’s stock worth $30,946,000 after purchasing an additional 54,959 shares during the period. First Eagle Investment Management LLC raised its holdings in Beazer Homes USA by 9.1% in the fourth quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company’s stock valued at $16,810,000 after buying an additional 51,027 shares during the period. Mill Road Capital Management LLC raised its holdings in Beazer Homes USA by 89.1% in the third quarter. Mill Road Capital Management LLC now owns 368,069 shares of the construction company’s stock valued at $12,577,000 after buying an additional 173,474 shares during the period. Victory Capital Management Inc. lifted its position in Beazer Homes USA by 13.2% during the fourth quarter. Victory Capital Management Inc. now owns 255,113 shares of the construction company’s stock valued at $7,005,000 after buying an additional 29,660 shares in the last quarter. Finally, Royce & Associates LP grew its stake in Beazer Homes USA by 16.4% during the fourth quarter. Royce & Associates LP now owns 231,861 shares of the construction company’s stock worth $6,367,000 after buying an additional 32,730 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush restated an “outperform” rating and set a $45.00 target price on shares of Beazer Homes USA in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Performance

Beazer Homes USA stock opened at $22.25 on Tuesday. The firm 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, Inc. has a one year low of $20.66 and a one year high of $38.22. The stock’s 50 day moving average price is $24.06 and its 200 day moving average price is $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.

Beazer Homes USA (NYSE:BZH) last announced 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 net margin of 5.04% and a return on equity of 10.12%. As a group, sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 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.