Fmr LLC Lowers Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

FMR LLC reduced its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 76.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,639 shares of the construction company's stock after selling 30,992 shares during the period. FMR LLC's holdings in Beazer Homes USA were worth $329,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Donald Smith & CO. Inc. raised its stake in Beazer Homes USA by 1.5% during the third quarter. Donald Smith & CO. Inc. now owns 3,132,427 shares of the construction company's stock worth $107,035,000 after purchasing an additional 45,553 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Beazer Homes USA by 52.6% in the third quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company's stock valued at $18,656,000 after acquiring an additional 188,084 shares during the last quarter. Winslow Asset Management Inc. grew its position in Beazer Homes USA by 0.4% in the third quarter. Winslow Asset Management Inc. now owns 491,330 shares of the construction company's stock worth $16,789,000 after acquiring an additional 1,717 shares during the period. First Eagle Investment Management LLC increased its stake in Beazer Homes USA by 27.8% during the second quarter. First Eagle Investment Management LLC now owns 459,645 shares of the construction company's stock worth $12,631,000 after acquiring an additional 99,959 shares during the last quarter. Finally, EMG Holdings L.P. lifted its stake in shares of Beazer Homes USA by 12.9% in the 2nd quarter. EMG Holdings L.P. now owns 247,349 shares of the construction company's stock valued at $6,797,000 after purchasing an additional 28,208 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO David I. Goldberg sold 6,057 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the transaction, the chief financial officer now directly owns 131,004 shares of the company's stock, valued at $4,199,988.24. This represents 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. Company insiders own 6.99% of the company's stock.

Beazer Homes USA Stock Up 0.4 %

NYSE:BZH traded up $0.12 during midday trading on Friday, reaching $27.92. The company had a trading volume of 594,466 shares, compared to its average volume of 358,438. Beazer Homes USA, Inc. has a 12-month low of $25.48 and a 12-month high of $38.22. The firm has a market capitalization of $866.92 million, a price-to-earnings ratio of 6.16, a PEG ratio of 0.36 and a beta of 2.19. 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's fifty day simple moving average is $32.40 and its 200-day simple moving average is $31.06.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its earnings results on Wednesday, November 13th. The construction company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.34. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The firm had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. During the same period in the prior year, the firm earned $1.80 earnings per share. The business's quarterly revenue was up 24.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 4.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BZH has been the subject of a number of recent analyst reports. Wedbush raised Beazer Homes USA from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $41.00 to $45.00 in a research report on Thursday, September 5th. Zelman & Associates reissued an "underperform" rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Beazer Homes USA has an average rating of "Hold" and an average 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.