Algert Global LLC Has $802,000 Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

Algert Global LLC reduced its position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 63.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,460 shares of the construction company's stock after selling 41,266 shares during the period. Algert Global LLC owned about 0.08% of Beazer Homes USA worth $802,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC purchased a new position in shares of Beazer Homes USA in the third quarter worth approximately $371,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Beazer Homes USA by 5.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 131,981 shares of the construction company's stock worth $4,510,000 after acquiring an additional 6,841 shares in the last quarter. Empowered Funds LLC increased its position in shares of Beazer Homes USA by 5.3% in the third quarter. Empowered Funds LLC now owns 162,217 shares of the construction company's stock worth $5,543,000 after acquiring an additional 8,174 shares in the last quarter. Metis Global Partners LLC purchased a new position in shares of Beazer Homes USA in the third quarter worth approximately $201,000. Finally, GHE LLC increased its position in shares of Beazer Homes USA by 10.9% in the third quarter. GHE LLC now owns 64,937 shares of the construction company's stock worth $2,219,000 after acquiring an additional 6,371 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Stock Up 0.1 %

NYSE BZH traded up $0.02 during trading on Friday, reaching $34.95. The company's stock had a trading volume of 113,101 shares, compared to its average volume of 360,974. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.09 billion, a PE ratio of 7.72, a PEG ratio of 0.39 and a beta of 2.18. The business has a 50-day moving average price of $32.78 and a 200-day moving average price of $30.72. Beazer Homes USA, Inc. has a 1-year low of $25.48 and a 1-year high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its 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 analysts' expectations of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The company's revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.80 earnings per share. On average, research analysts forecast that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Beazer Homes USA

In other news, CFO David I. Goldberg sold 6,057 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at approximately $4,199,988.24. The trade was a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.99% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on BZH shares. Wedbush raised shares of Beazer Homes USA from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. B. Riley lowered their price objective on shares of Beazer Homes USA from $38.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. StockNews.com downgraded shares of Beazer Homes USA from a "hold" rating to a "sell" rating in a research report on Monday, August 5th. Finally, Zelman & Associates reaffirmed an "underperform" rating on shares of Beazer Homes USA in a research 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's stock. According to data from MarketBeat, Beazer Homes USA 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.