Brandywine Global Investment Management LLC lessened its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,196 shares of the construction company’s stock after selling 4 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.06% of Beazer Homes USA worth $250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BZH. Bank of New York Mellon Corp raised its stake in shares of Beazer Homes USA by 5.6% during the 1st quarter. Bank of New York Mellon Corp now owns 152,295 shares of the construction company’s stock worth $1,847,000 after acquiring an additional 8,126 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Beazer Homes USA during the 1st quarter worth approximately $240,000. Nordea Investment Management AB raised its stake in shares of Beazer Homes USA by 12.4% during the 1st quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock worth $132,000 after acquiring an additional 1,200 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Beazer Homes USA during the 1st quarter worth approximately $114,000. Finally, American International Group Inc. grew its position in Beazer Homes USA by 7.1% during the 1st quarter. American International Group Inc. now owns 19,387 shares of the construction company’s stock worth $235,000 after purchasing an additional 1,283 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Beazer Homes USA, Inc. (BZH) Position Lowered by Brandywine Global Investment Management LLC” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/12/beazer-homes-usa-inc-bzh-position-lowered-by-brandywine-global-investment-management-llc.html.

Shares of Beazer Homes USA, Inc. (NYSE:BZH) opened at 19.35 on Thursday. The stock’s market cap is $618.64 million. The firm’s 50-day moving average is $16.96 and its 200 day moving average is $14.30. Beazer Homes USA, Inc. has a 52-week low of $9.67 and a 52-week high of $19.95.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The company had revenue of $478.59 million for the quarter, compared to analysts’ expectations of $470.98 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts forecast that Beazer Homes USA, Inc. will post $0.81 earnings per share for the current fiscal year.

Several research firms have weighed in on BZH. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $12.31 to $15.00 in a research report on Thursday, June 15th. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Tuesday, July 4th. Credit Suisse Group began coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 target price on the stock. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, J P Morgan Chase & Co raised shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $14.50 to $21.00 in a research report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.50.

Beazer Homes USA Profile

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

Want to see what other hedge funds are holding BZH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beazer Homes USA, Inc. (NYSE:BZH).

Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

Receive News & Stock Ratings for Beazer Homes USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA Inc. and related stocks with our FREE daily email newsletter.