Goldman Sachs Group Inc. Has $8.16 Million Stock Holdings in Beazer Homes USA, Inc. $BZH

Goldman Sachs Group Inc. lessened its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 1.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 400,295 shares of the construction company’s stock after selling 6,411 shares during the period. Goldman Sachs Group Inc. owned approximately 1.32% of Beazer Homes USA worth $8,162,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BZH. Point72 Asia Singapore Pte. Ltd. acquired a new position in Beazer Homes USA in the 4th quarter valued at approximately $34,000. US Bancorp DE raised its holdings in Beazer Homes USA by 48.1% in the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock valued at $51,000 after acquiring an additional 819 shares in the last quarter. CWM LLC raised its holdings in Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company’s stock valued at $82,000 after acquiring an additional 2,391 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Beazer Homes USA in the 1st quarter valued at approximately $99,000. Finally, Belpointe Asset Management LLC raised its holdings in Beazer Homes USA by 11.0% in the 1st quarter. Belpointe Asset Management LLC now owns 10,319 shares of the construction company’s stock valued at $210,000 after acquiring an additional 1,021 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. B. Riley assumed coverage on Beazer Homes USA in a report on Monday, June 30th. They issued a “neutral” rating and a $23.00 price target for the company. Wedbush reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Beazer Homes USA in a report on Friday, August 1st. Finally, 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 report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Trading Up 0.7%

BZH stock opened at $26.26 on Friday. Beazer Homes USA, Inc. has a 1-year low of $17.37 and a 1-year high of $38.22. The firm has a market cap of $780.71 million, a P/E ratio of 11.94, a P/E/G ratio of 0.83 and a beta of 2.12. The business’s 50 day moving average is $24.55 and its 200-day moving average is $22.29. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). The business had revenue of $545.37 million for the quarter, compared to the consensus estimate of $565.47 million. Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The firm’s revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. Equities analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal 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.