Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,365 shares of the construction company’s stock after selling 66,534 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Beazer Homes USA were worth $12,860,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Marshall Wace LLP grew its holdings in Beazer Homes USA by 91.9% during the second quarter. Marshall Wace LLP now owns 57,769 shares of the construction company’s stock worth $1,587,000 after acquiring an additional 27,666 shares during the period. Koss Olinger Consulting LLC purchased a new stake in Beazer Homes USA during the second quarter worth $447,000. Victory Capital Management Inc. grew its holdings in 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 valued at $7,704,000 after purchasing an additional 197,666 shares during the last quarter. Creative Planning purchased a new position in shares of Beazer Homes USA in the third quarter valued at $286,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Beazer Homes USA by 25.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 88,817 shares of the construction company’s stock worth $2,441,000 after buying an additional 17,790 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BZH shares. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their target price for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Stock Performance

Shares of BZH stock opened at $32.27 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.87 and a current ratio of 14.29. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.38 and a beta of 2.19. The company has a 50 day moving average price of $32.84 and a 200 day moving average price of $30.93. Beazer Homes USA, Inc. has a one year low of $25.48 and a one year high of $38.22.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.34. The firm had revenue of $806.20 million during the quarter, compared to the consensus estimate of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share. Sell-side analysts anticipate that Beazer Homes USA, Inc. will post 4.44 EPS for the current year.

Insiders Place Their Bets

In other Beazer Homes USA news, CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the transaction, the chief financial officer now owns 131,004 shares in the company, valued at $4,199,988.24. The trade was a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.99% of the stock is owned by insiders.

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.