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

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

A number of other institutional investors and hedge funds also recently modified their holdings of BZH. Barclays PLC increased its stake in Beazer Homes USA by 26.3% in the 3rd quarter. Barclays PLC now owns 190,741 shares of the construction company’s stock worth $6,516,000 after purchasing an additional 39,752 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Beazer Homes USA by 16.5% in the third quarter. Sanctuary Advisors LLC now owns 15,536 shares of the construction company’s stock worth $530,000 after acquiring an additional 2,197 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Beazer Homes USA by 4.2% during the third quarter. Franklin Resources Inc. now owns 142,220 shares of the construction company’s stock valued at $4,592,000 after acquiring an additional 5,796 shares during the period. Ritholtz Wealth Management lifted its position in shares of Beazer Homes USA by 26.4% in the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock valued at $689,000 after acquiring an additional 5,235 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in Beazer Homes USA by 17.7% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 36,015 shares of the construction company’s stock worth $989,000 after purchasing an additional 5,412 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Stock Performance

BZH stock opened at $18.57 on Friday. The firm has a 50 day simple moving average of $21.54 and a 200 day simple moving average of $27.17. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. The stock has a market cap of $579.38 million, a P/E ratio of 4.72, a P/E/G ratio of 0.35 and a beta of 2.05. 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 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 net margin of 5.04% and a return on equity of 10.12%. Research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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