Winslow Asset Management Inc. Has $9.74 Million Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

Winslow Asset Management Inc. cut its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 477,531 shares of the construction company’s stock after selling 4,709 shares during the period. Beazer Homes USA accounts for 2.1% of Winslow Asset Management Inc.’s holdings, making the stock its 15th largest position. Winslow Asset Management Inc.’s holdings in Beazer Homes USA were worth $9,737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BZH. ProShare Advisors LLC acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at approximately $226,000. Janney Montgomery Scott LLC raised its position in shares of Beazer Homes USA by 17.3% in the first quarter. Janney Montgomery Scott LLC now owns 30,165 shares of the construction company’s stock valued at $615,000 after buying an additional 4,438 shares in the last quarter. Norges Bank acquired a new stake in shares of Beazer Homes USA in the fourth quarter valued at approximately $4,149,000. GAMMA Investing LLC raised its position in shares of Beazer Homes USA by 5,863.8% in the first quarter. GAMMA Investing LLC now owns 17,474 shares of the construction company’s stock valued at $356,000 after buying an additional 17,181 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Beazer Homes USA by 31.9% in the fourth quarter. JPMorgan Chase & Co. now owns 105,306 shares of the construction company’s stock valued at $2,892,000 after buying an additional 25,484 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Beazer Homes USA

In related news, Director John J. Kelley III acquired 10,000 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the completion of the acquisition, the director owned 15,917 shares of the company’s stock, valued at approximately $342,215.50. This trade represents a 169.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BZH. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price target (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Wedbush reaffirmed an “outperform” rating and set a $41.00 target price (down previously from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Finally, B. Riley began coverage on shares of Beazer Homes USA in a research note on Monday, June 30th. They issued a “neutral” rating and a $23.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $32.33.

Beazer Homes USA Stock Performance

Shares of BZH opened at $24.29 on Tuesday. The company has a current ratio of 13.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $735.91 million, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09. The firm’s fifty day simple moving average is $22.11 and its two-hundred day simple moving average is $22.56. Beazer Homes USA, Inc. has a 12 month low of $17.37 and a 12 month high of $38.22.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16. Beazer Homes USA had a net margin of 3.91% and a return on equity of 7.81%. The business had revenue of $565.34 million for the quarter, compared to analysts’ expectations of $543.60 million. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

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.