Charles Schwab Investment Management Inc. Sells 66,653 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 17.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 309,712 shares of the construction company’s stock after selling 66,653 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Beazer Homes USA were worth $8,505,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BZH. Point72 Asset Management L.P. bought a new stake in shares of Beazer Homes USA during the 3rd quarter valued at about $125,000. Systematic Financial Management LP bought a new stake in shares of Beazer Homes USA during the 3rd quarter valued at about $182,000. Quadrature Capital Ltd bought a new stake in shares of Beazer Homes USA during the 3rd quarter valued at about $262,000. Focus Financial Network Inc. bought a new stake in shares of Beazer Homes USA during the 4th quarter valued at about $275,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Beazer Homes USA during the 4th quarter valued at about $304,000. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Price Performance

Shares of Beazer Homes USA stock opened at $21.41 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25. The business’s 50 day simple moving average is $24.14 and its two-hundred day simple moving average is $28.99. The stock has a market capitalization of $668.06 million, a P/E ratio of 5.45, 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.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. Analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Analysts Set New Price Targets

Separately, Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.67.

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.