Beazer Homes USA, Inc. (NYSE:BZH) Stock Position Reduced by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its position in Beazer Homes USA, Inc. (NYSE:BZH) by 13.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 603,013 shares of the construction company’s stock after selling 97,238 shares during the quarter. Acadian Asset Management LLC’s holdings in Beazer Homes USA were worth $19,775,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Donald Smith & CO. Inc. increased its stake in Beazer Homes USA by 58.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after purchasing an additional 958,814 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Beazer Homes USA by 31.2% in the third quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after acquiring an additional 521,596 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new position in shares of Beazer Homes USA during the fourth quarter valued at approximately $24,971,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Beazer Homes USA by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 589,533 shares of the construction company’s stock valued at $19,920,000 after purchasing an additional 22,669 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Beazer Homes USA by 60.5% during the 3rd quarter. American Century Companies Inc. now owns 434,648 shares of the construction company’s stock worth $10,827,000 after purchasing an additional 163,760 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Beazer Homes USA

In related news, EVP Keith L. Belknap, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $28.31, for a total value of $424,650.00. Following the sale, the executive vice president now directly owns 195,819 shares in the company, valued at approximately $5,543,635.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Keith L. Belknap, Jr. sold 15,000 shares of Beazer Homes USA stock in a transaction on Monday, May 6th. The stock was sold at an average price of $28.31, for a total value of $424,650.00. Following the transaction, the executive vice president now directly owns 195,819 shares in the company, valued at approximately $5,543,635.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $31.17, for a total value of $414,561.00. Following the completion of the transaction, the executive vice president now owns 150,819 shares of the company’s stock, valued at approximately $4,701,028.23. The disclosure for this sale can be found here. Insiders sold 41,762 shares of company stock valued at $1,252,898 over the last 90 days. 6.99% of the stock is currently owned by corporate insiders.

Beazer Homes USA Price Performance

Beazer Homes USA stock traded up $0.31 during trading hours on Monday, hitting $31.99. 166,395 shares of the company traded hands, compared to its average volume of 360,249. The firm’s 50-day simple moving average is $28.35 and its two-hundred day simple moving average is $29.51. The firm has a market cap of $1.01 billion, a P/E ratio of 6.12, a P/E/G ratio of 1.37 and a beta of 2.16. Beazer Homes USA, Inc. has a 1-year low of $22.03 and a 1-year high of $35.93. The company has a quick ratio of 1.30, a current ratio of 13.50 and a debt-to-equity ratio of 0.88.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Wednesday, May 1st. The construction company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.91 by $0.35. The firm had revenue of $541.50 million for the quarter, compared to analysts’ expectations of $569.88 million. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.13 earnings per share. As a group, analysts forecast that Beazer Homes USA, Inc. will post 4.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on BZH. Oppenheimer began coverage on Beazer Homes USA in a research report on Friday, May 31st. They issued an “outperform” rating and a $37.00 target price on the stock. Wedbush reiterated a “neutral” rating and issued a $33.00 price objective on shares of Beazer Homes USA in a research report on Thursday, May 2nd. Finally, StockNews.com upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Tuesday, June 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $36.00.

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.