Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC reduced its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 8.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,298 shares of the construction company’s stock after selling 890 shares during the period. Belpointe Asset Management LLC’s holdings in Beazer Homes USA were worth $255,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Separately, Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Price Performance

Shares of BZH opened at $18.57 on Friday. The firm has a market capitalization of $579.38 million, a price-to-earnings ratio of 4.72, a price-to-earnings-growth ratio of 0.35 and a beta of 2.05. The stock’s fifty day moving average is $21.54 and its 200-day moving average is $27.17. Beazer Homes USA, Inc. has a one year low of $17.37 and a one year 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.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, January 30th. The construction company reported $0.10 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%. Equities analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current 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.