Swiss National Bank lifted its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH – Free Report) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 59,100 shares of the construction company’s stock after purchasing an additional 3,500 shares during the quarter. Swiss National Bank owned about 0.19% of Beazer Homes USA worth $1,938,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. DGS Capital Management LLC raised its holdings in Beazer Homes USA by 4.1% during the first quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company’s stock worth $322,000 after purchasing an additional 386 shares during the last quarter. Capstone Investment Advisors LLC raised its stake in shares of Beazer Homes USA by 8.2% during the 1st quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company’s stock worth $232,000 after buying an additional 533 shares during the last quarter. USA Financial Formulas raised its stake in shares of Beazer Homes USA by 4,947.1% during the 4th quarter. USA Financial Formulas now owns 858 shares of the construction company’s stock worth $29,000 after buying an additional 841 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Beazer Homes USA by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 10,171 shares of the construction company’s stock worth $344,000 after buying an additional 1,055 shares in the last quarter. Finally, AJOVista LLC acquired a new stake in Beazer Homes USA in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.
Insider Activity
In related news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the transaction, the executive vice president now directly owns 150,819 shares in the company, valued at $4,701,028.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $30.73, for a total transaction of $413,687.26. Following the completion of the sale, the executive vice president now directly owns 164,119 shares of the company’s stock, valued at approximately $5,043,376.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $31.17, for a total value of $414,561.00. Following the sale, the executive vice president now owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The disclosure for this sale can be found here. Insiders sold a total of 41,762 shares of company stock valued at $1,252,898 over the last quarter. Company insiders own 6.99% of the company’s stock.
Beazer Homes USA Price Performance
Beazer Homes USA stock opened at $33.25 on Wednesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 6.42, a P/E/G ratio of 1.37 and a beta of 2.16. Beazer Homes USA, Inc. has a 12-month low of $22.03 and a 12-month high of $35.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.30. The firm’s 50-day moving average is $28.53 and its two-hundred day moving average is $29.53.
Beazer Homes USA (NYSE:BZH – Get Free Report) last announced its earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.35. The firm had revenue of $541.50 million for the quarter, compared to analyst estimates of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. Beazer Homes USA’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $1.13 earnings per share. Equities analysts predict that Beazer Homes USA, Inc. will post 4.64 earnings per share for the current year.
Wall Street Analyst Weigh In
BZH has been the subject of a number of research reports. Oppenheimer assumed coverage on shares of Beazer Homes USA in a research report on Friday, May 31st. They set an “outperform” rating and a $37.00 target price for the company. Wedbush restated a “neutral” rating and set a $33.00 price objective on shares of Beazer Homes USA in a research report on Thursday, May 2nd. Finally, StockNews.com raised Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.00.
View Our Latest Stock Analysis on BZH
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.
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