Bank of New York Mellon Corp Sells 8,970 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Bank of New York Mellon Corp decreased its position in Beazer Homes USA, Inc. (NYSE:BZH) by 7.0% during the fourth quarter, Holdings Channel reports. The fund owned 119,860 shares of the construction company’s stock after selling 8,970 shares during the period. Bank of New York Mellon Corp’s holdings in Beazer Homes USA were worth $3,291,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Beazer Homes USA by 711.4% in the third quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock worth $7,704,000 after buying an additional 197,666 shares during the period. Mill Road Capital Management LLC raised its stake in shares of 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 worth $12,577,000 after buying an additional 173,474 shares during the period. Janus Henderson Group PLC raised its stake in shares of Beazer Homes USA by 783.6% in the third quarter. Janus Henderson Group PLC now owns 123,702 shares of the construction company’s stock worth $4,227,000 after buying an additional 109,702 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Beazer Homes USA in the third quarter worth about $3,362,000. Finally, Peregrine Capital Management LLC raised its stake in shares of Beazer Homes USA by 43.8% in the fourth quarter. Peregrine Capital Management LLC now owns 211,010 shares of the construction company’s stock worth $5,794,000 after buying an additional 64,240 shares during the period. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of Beazer Homes USA in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Stock Up 2.0 %

Shares of BZH opened at $22.14 on Thursday. The business’s 50 day moving average is $24.31 and its 200 day moving average is $29.12. The company has a market capitalization of $690.77 million, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.35 and a beta of 2.26. Beazer Homes USA, Inc. has a 12-month low of $20.66 and a 12-month high of $38.22. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) 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%. Research analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share 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.