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

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 309,712 shares of the construction company's stock after selling 66,653 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.99% of Beazer Homes USA worth $8,505,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BZH. Proficio Capital Partners LLC purchased a new stake in shares of Beazer Homes USA in the fourth quarter worth about $304,000. Denali Advisors LLC acquired a new position in Beazer Homes USA in the fourth quarter valued at approximately $1,359,000. GHE LLC boosted its position in Beazer Homes USA by 7.5% in the 4th quarter. GHE LLC now owns 69,778 shares of the construction company's stock worth $1,916,000 after purchasing an additional 4,841 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Beazer Homes USA by 122.3% during the 4th quarter. New York State Common Retirement Fund now owns 19,449 shares of the construction company's stock worth $534,000 after purchasing an additional 10,700 shares during the period. Finally, Peregrine Capital Management LLC grew its stake in shares of Beazer Homes USA by 43.8% during the 4th quarter. Peregrine Capital Management LLC now owns 211,010 shares of the construction company's stock worth $5,794,000 after purchasing an additional 64,240 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Beazer Homes USA Price Performance

Shares of BZH stock traded down $0.19 during trading hours on Thursday, hitting $21.29. 272,162 shares of the company's stock were exchanged, compared to its average volume of 458,327. The firm has a 50 day moving average of $23.81 and a two-hundred day moving average of $28.81. Beazer Homes USA, Inc. has a fifty-two week low of $20.66 and a fifty-two week high of $38.22. The firm has a market cap of $664.31 million, a P/E ratio of 5.42, a P/E/G 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 return on equity of 10.12% and a net margin of 5.04%. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

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

About Beazer Homes USA

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.