Hsbc Holdings PLC Purchases 7,338 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Hsbc Holdings PLC boosted its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 12.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,587 shares of the construction company’s stock after acquiring an additional 7,338 shares during the quarter. Hsbc Holdings PLC owned 0.21% of Beazer Homes USA worth $1,825,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Beazer Homes USA by 11.6% during the fourth quarter. Principal Financial Group Inc. now owns 10,171 shares of the construction company’s stock valued at $344,000 after purchasing an additional 1,055 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Beazer Homes USA by 92.4% during the 4th quarter. Allianz Asset Management GmbH now owns 263,547 shares of the construction company’s stock valued at $8,905,000 after acquiring an additional 126,551 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Beazer Homes USA in the fourth quarter worth approximately $221,000. Belpointe Asset Management LLC purchased a new position in shares of Beazer Homes USA during the fourth quarter valued at approximately $207,000. Finally, EMG Holdings L.P. bought a new position in Beazer Homes USA during the fourth quarter valued at approximately $4,831,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BZH has been the subject of a number of research analyst reports. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. B. Riley reduced their price objective on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their price target for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. Finally, Oppenheimer initiated coverage on shares of Beazer Homes USA in a report on Friday, May 31st. They issued an “outperform” rating and a $37.00 price objective on the stock. Two investment 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 stock currently has a consensus rating of “Hold” and an average price target of $39.67.

Insiders Place Their Bets

In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,300 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $31.17, for a total transaction of $414,561.00. Following the sale, the executive vice president now directly owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Beazer Homes USA 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 value of $413,687.26. Following the sale, the executive vice president now owns 164,119 shares in the company, valued at approximately $5,043,376.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $31.17, for a total value of $414,561.00. Following the transaction, the executive vice president now directly owns 150,819 shares of the company’s stock, valued at $4,701,028.23. The disclosure for this sale can be found here. Company insiders own 6.99% of the company’s stock.

Beazer Homes USA Price Performance

Shares of Beazer Homes USA stock opened at $32.61 on Friday. The stock’s fifty day moving average is $31.16 and its 200 day moving average is $29.63. Beazer Homes USA, Inc. has a one year low of $22.03 and a one year high of $35.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 12.42. The stock has a market cap of $1.03 billion, a P/E ratio of 6.34, a P/E/G ratio of 1.59 and a beta of 2.17.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $595.68 million for the quarter, compared to analysts’ expectations of $597.67 million. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. Sell-side analysts anticipate that Beazer Homes USA, Inc. will post 4.2 earnings per share for the current year.

Beazer Homes USA Company Profile

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.