Summit Global Investments Sells 26,200 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Summit Global Investments reduced its stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 64.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,467 shares of the construction company's stock after selling 26,200 shares during the period. Summit Global Investments' holdings in Beazer Homes USA were worth $397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Koss Olinger Consulting LLC lifted its holdings in Beazer Homes USA by 14.5% in the 4th quarter. Koss Olinger Consulting LLC now owns 18,951 shares of the construction company's stock worth $520,000 after buying an additional 2,403 shares during the period. Boston Partners lifted its stake in Beazer Homes USA by 5.1% in the fourth quarter. Boston Partners now owns 1,123,125 shares of the construction company's stock worth $30,946,000 after acquiring an additional 54,959 shares during the period. Intech Investment Management LLC boosted its holdings in Beazer Homes USA by 57.2% in the fourth quarter. Intech Investment Management LLC now owns 17,092 shares of the construction company's stock valued at $469,000 after acquiring an additional 6,222 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Beazer Homes USA during the 4th quarter valued at $330,000. Finally, Royce & Associates LP increased its position in Beazer Homes USA by 16.4% during the 4th quarter. Royce & Associates LP now owns 231,861 shares of the construction company's stock valued at $6,367,000 after purchasing an additional 32,730 shares during the period. Institutional investors own 85.65% of the company's stock.

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Beazer Homes USA Stock Down 4.7 %

Shares of NYSE BZH traded down $0.99 on Friday, reaching $20.29. 369,945 shares of the company's stock traded hands, compared to its average volume of 387,691. The business's 50 day simple moving average is $23.67 and its two-hundred day simple moving average is $28.76. Beazer Homes USA, Inc. has a 12 month low of $20.07 and a 12 month high of $38.22. The company has a market cap of $633.05 million, a price-to-earnings ratio of 5.16, a price-to-earnings-growth ratio of 0.35 and a beta of 2.26. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. As a group, equities research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Analyst Ratings Changes

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

Beazer Homes USA 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.