Beazer Homes USA, Inc. $BZH Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC cut its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,424 shares of the construction company’s stock after selling 1,781 shares during the quarter. Koss Olinger Consulting LLC owned 0.07% of Beazer Homes USA worth $479,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Beazer Homes USA by 0.6% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 76,110 shares of the construction company’s stock worth $1,552,000 after purchasing an additional 476 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Beazer Homes USA by 4.4% in the first 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 grew its position in shares of Beazer Homes USA by 48.1% in the first quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock valued at $51,000 after purchasing an additional 819 shares during the last quarter. GHE LLC grew its position in shares of Beazer Homes USA by 1.2% in the first quarter. GHE LLC now owns 70,637 shares of the construction company’s stock valued at $1,440,000 after purchasing an additional 859 shares during the last quarter. Finally, Belpointe Asset Management LLC increased its position 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 worth $210,000 after buying an additional 1,021 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BZH has been the subject of several recent research reports. Oppenheimer reissued an “outperform” rating and set a $30.00 price target (down previously from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Wedbush reissued an “outperform” rating and set a $41.00 price target on shares of Beazer Homes USA in a research report on Friday, August 1st. B. Riley initiated coverage on Beazer Homes USA in a research report on Monday, June 30th. They set a “neutral” rating and a $23.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Beazer Homes USA in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.33.

Beazer Homes USA Price Performance

Shares of NYSE:BZH opened at $23.88 on Tuesday. The company has a market cap of $709.95 million, a P/E ratio of 10.85, a P/E/G ratio of 0.64 and a beta of 2.17. The company has a quick ratio of 0.91, a current ratio of 13.33 and a debt-to-equity ratio of 0.94. Beazer Homes USA, Inc. has a 52 week low of $17.37 and a 52 week high of $38.22. The business has a fifty day simple moving average of $24.58 and a 200-day simple moving average of $22.91.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $565.47 million. Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. Beazer Homes USA’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. Equities research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

About Beazer Homes USA

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.