Beazer Homes USA, Inc. (NYSE:BZH) Stock Position Reduced by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 57.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,139 shares of the construction company’s stock after selling 115,663 shares during the period. Allspring Global Investments Holdings LLC owned about 0.27% of Beazer Homes USA worth $2,877,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can acquired a new stake in Beazer Homes USA in the second quarter valued at approximately $31,000. BluePath Capital Management LLC acquired a new stake in Beazer Homes USA in the third quarter valued at approximately $31,000. UniSuper Management Pty Ltd acquired a new stake in Beazer Homes USA in the second quarter valued at approximately $46,000. Tower Research Capital LLC TRC lifted its stake in Beazer Homes USA by 84.4% in the second quarter. Tower Research Capital LLC TRC now owns 1,623 shares of the construction company’s stock valued at $46,000 after acquiring an additional 743 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in Beazer Homes USA in the first quarter valued at approximately $31,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on BZH shares. StockNews.com upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Wedbush boosted their price objective on shares of Beazer Homes USA from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, February 2nd.

Beazer Homes USA Price Performance

Shares of Beazer Homes USA stock opened at $26.31 on Friday. The firm has a fifty day simple moving average of $30.14 and a 200-day simple moving average of $29.27. The company has a current ratio of 13.95, a quick ratio of 1.32 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a 1-year low of $16.68 and a 1-year high of $35.93. The stock has a market capitalization of $830.08 million, a price-to-earnings ratio of 5.21 and a beta of 2.24.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, February 1st. The construction company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The firm had revenue of $386.80 million during the quarter, compared to analyst estimates of $420.71 million. Beazer Homes USA had a return on equity of 14.09% and a net margin of 7.26%. Beazer Homes USA’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 earnings per share. On average, sell-side analysts expect that Beazer Homes USA, Inc. will post 4.66 earnings per share for the current 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.