Beazer Homes USA, Inc. $BZH Stock Position Decreased by First Eagle Investment Management LLC

First Eagle Investment Management LLC decreased its position in Beazer Homes USA, Inc. (NYSE:BZH) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 675,175 shares of the construction company’s stock after selling 20,000 shares during the quarter. First Eagle Investment Management LLC owned about 2.27% of Beazer Homes USA worth $15,104,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Beazer Homes USA by 0.6% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 76,110 shares of the construction company’s stock worth $1,552,000 after acquiring an additional 476 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after purchasing an additional 734 shares during the last quarter. US Bancorp DE boosted its holdings in Beazer Homes USA by 48.1% in the first quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock worth $51,000 after purchasing an additional 819 shares in the last quarter. GHE LLC increased its position in Beazer Homes USA by 1.2% during the first quarter. GHE LLC now owns 70,637 shares of the construction company’s stock worth $1,440,000 after buying an additional 859 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in Beazer Homes USA by 11.0% during the first quarter. Belpointe Asset Management LLC now owns 10,319 shares of the construction company’s stock valued at $210,000 after buying an additional 1,021 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Price Performance

Shares of NYSE:BZH opened at $22.06 on Friday. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average price of $24.13 and a 200 day moving average price of $23.11. The company has a market cap of $655.79 million, a price-to-earnings ratio of 10.03, a PEG ratio of 0.61 and a beta of 2.16. Beazer Homes USA, Inc. has a twelve month low of $17.37 and a twelve month high of $38.22.

Analyst Ratings Changes

A number of analysts have weighed in on BZH shares. Oppenheimer reaffirmed an “outperform” rating and issued a $30.00 price target (down previously from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Wedbush restated an “outperform” rating and issued a $41.00 target price on shares of Beazer Homes USA in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Beazer Homes USA in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Beazer Homes USA currently has a consensus rating of “Hold” and a consensus target price of $31.33.

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.