The Manufacturers Life Insurance Company Sells 775 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

The Manufacturers Life Insurance Company reduced its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 7.1% during the 4th quarter, HoldingsChannel reports. The fund owned 10,187 shares of the construction company’s stock after selling 775 shares during the period. The Manufacturers Life Insurance Company’s holdings in Beazer Homes USA were worth $280,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Mill Road Capital Management LLC grew its stake in shares of Beazer Homes USA by 81.0% during the fourth quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company’s stock valued at $18,290,000 after buying an additional 297,989 shares during the last quarter. Norges Bank bought a new position in shares of Beazer Homes USA during the fourth quarter valued at approximately $4,149,000. Renaissance Technologies LLC bought a new position in shares of Beazer Homes USA during the fourth quarter valued at approximately $2,618,000. Peregrine Capital Management LLC grew its stake in shares of Beazer Homes USA by 43.8% during the fourth quarter. Peregrine Capital Management LLC now owns 211,010 shares of the construction company’s stock valued at $5,794,000 after buying an additional 64,240 shares during the last quarter. Finally, Gratia Capital LLC grew its stake in shares of Beazer Homes USA by 376.4% during the fourth quarter. Gratia Capital LLC now owns 80,000 shares of the construction company’s stock valued at $2,197,000 after buying an additional 63,206 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Beazer Homes USA Stock Up 1.8%

Shares of NYSE BZH opened at $22.67 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The firm has a market capitalization of $686.97 million, a price-to-earnings ratio of 5.77, a PEG ratio of 0.35 and a beta of 2.20. The stock has a 50 day moving average price of $20.34 and a 200 day moving average price of $25.39. Beazer Homes USA, Inc. has a 52-week low of $17.37 and a 52-week high of $38.22.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16. The firm had revenue of $565.34 million during the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. Beazer Homes USA’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Sell-side analysts expect that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

BZH has been the topic of a number of analyst reports. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 target price (down previously from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Wedbush reiterated an “outperform” rating and issued a $41.00 price target (down previously from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat, Beazer Homes USA has a consensus rating of “Hold” and a consensus price target of $37.00.

Insider Activity at Beazer Homes USA

In related news, Director John J. Kelley III bought 10,000 shares of the stock in a transaction on Friday, May 9th. The stock was bought 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 now directly owns 15,917 shares in the company, valued at approximately $342,215.50. This represents a 169.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.52% of the stock is owned by company insiders.

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.