Brandywine Global Investment Management LLC Sells 4,910 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Brandywine Global Investment Management LLC lessened its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,982 shares of the construction company’s stock after selling 4,910 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.34% of Beazer Homes USA worth $2,910,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Mill Road Capital Management LLC grew its position in shares of Beazer Homes USA by 89.1% during the 3rd quarter. Mill Road Capital Management LLC now owns 368,069 shares of the construction company’s stock worth $12,577,000 after buying an additional 173,474 shares during the period. Norges Bank acquired a new position in Beazer Homes USA during the fourth quarter valued at approximately $4,149,000. Janus Henderson Group PLC raised its holdings in Beazer Homes USA by 783.6% in the third quarter. Janus Henderson Group PLC now owns 123,702 shares of the construction company’s stock worth $4,227,000 after purchasing an additional 109,702 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Beazer Homes USA during the third quarter worth $3,362,000. Finally, Peregrine Capital Management LLC grew its holdings in shares of Beazer Homes USA by 43.8% in the 4th quarter. Peregrine Capital Management LLC now owns 211,010 shares of the construction company’s stock valued at $5,794,000 after buying an additional 64,240 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Beazer Homes USA in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Stock Performance

Shares of BZH opened at $20.87 on Thursday. The firm has a market cap of $651.21 million, a P/E ratio of 5.31, a PEG ratio of 0.35 and a beta of 2.26. Beazer Homes USA, Inc. has a twelve month low of $19.80 and a twelve month high of $38.22. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The firm’s 50 day moving average price is $23.06 and its two-hundred day moving average price is $28.43.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) 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%. On average, analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

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.