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Charles Schwab Investment Management Inc. Has $12.86 Million Stock Position in Beazer Homes USA, Inc. (NYSE:BZH)

Beazer Homes USA logo with Construction background

Charles Schwab Investment Management Inc. lowered its position in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 15.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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. owned 1.21% of Beazer Homes USA worth $12,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BZH. Innealta Capital LLC purchased a new position in Beazer Homes USA in the second quarter valued at about $88,000. Metis Global Partners LLC acquired a new position in shares of Beazer Homes USA during the third quarter worth $201,000. Creative Planning acquired a new position in Beazer Homes USA in the 3rd quarter worth $286,000. SG Americas Securities LLC grew its stake in Beazer Homes USA by 25.1% during the 3rd quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company's stock valued at $343,000 after purchasing an additional 2,014 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Beazer Homes USA by 4.1% in the third quarter. Harbor Capital Advisors Inc. now owns 10,390 shares of the construction company's stock worth $355,000 after buying an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Beazer Homes USA Price Performance

NYSE:BZH traded up $0.56 during midday trading on Monday, hitting $32.83. 200,977 shares of the stock were exchanged, compared to its average volume of 358,628. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 7.12, a P/E/G 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. Beazer Homes USA, Inc. has a one year low of $25.48 and a one year high of $38.22. The business has a 50-day moving average price of $32.84 and a two-hundred day moving average price of $30.93.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.34. The firm had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. Beazer Homes USA had a return on equity of 11.95% and a net margin of 6.02%. Beazer Homes USA'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. Sell-side analysts predict that Beazer Homes USA, Inc. will post 4.44 EPS for the current year.

Insiders Place Their Bets

In other news, CFO David I. Goldberg sold 6,057 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total transaction of $194,187.42. Following the completion of the sale, 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 at the SEC website. 6.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on BZH shares. Zelman & Associates reissued an "underperform" rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Wedbush raised shares of Beazer Homes USA from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $41.00 to $45.00 in a report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Beazer Homes USA has an average rating of "Hold" and a consensus price target of $39.67.

View Our Latest Research Report on Beazer Homes USA

About Beazer Homes USA

(Free Report)

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.

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Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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