Franklin Resources Inc. Sells 11,900 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Franklin Resources Inc. cut its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,320 shares of the construction company’s stock after selling 11,900 shares during the period. Franklin Resources Inc. owned approximately 0.42% of Beazer Homes USA worth $3,579,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Beazer Homes USA by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company’s stock worth $50,212,000 after buying an additional 22,033 shares during the last quarter. Boston Partners boosted its holdings in Beazer Homes USA by 5.1% in the 4th quarter. Boston Partners now owns 1,123,125 shares of the construction company’s stock valued at $30,946,000 after purchasing an additional 54,959 shares during the period. First Eagle Investment Management LLC raised its position in shares of Beazer Homes USA by 9.1% during the fourth quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company’s stock valued at $16,810,000 after buying an additional 51,027 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Beazer Homes USA by 13.2% in the fourth quarter. Victory Capital Management Inc. now owns 255,113 shares of the construction company’s stock valued at $7,005,000 after buying an additional 29,660 shares during the period. Finally, Royce & Associates LP increased its stake in Beazer Homes USA by 16.4% during the fourth quarter. Royce & Associates LP now owns 231,861 shares of the construction company’s stock valued at $6,367,000 after acquiring an additional 32,730 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Stock Performance

NYSE BZH opened at $18.20 on Friday. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. The stock has a market cap of $567.96 million, a P/E ratio of 4.63, a PEG ratio of 0.35 and a beta of 2.05. The company’s 50-day simple moving average is $21.85 and its 200 day simple moving average is $27.55.

Beazer Homes USA (NYSE:BZH) last issued 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%. As a group, research analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wedbush reissued an “outperform” rating and set a $45.00 price objective 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 given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.67.

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.