Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,943 shares of the construction company’s stock after selling 15,491 shares during the period. Public Employees Retirement System of Ohio owned about 0.34% of Beazer Homes USA worth $2,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in BZH. Cornerstone Capital Management Holdings LLC. increased its stake in Beazer Homes USA by 34.6% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 282,200 shares of the construction company’s stock valued at $5,287,000 after purchasing an additional 72,600 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Beazer Homes USA by 14.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 50,180 shares of the construction company’s stock valued at $940,000 after acquiring an additional 6,335 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Beazer Homes USA by 9.3% in the 3rd quarter. Engineers Gate Manager LP now owns 58,899 shares of the construction company’s stock valued at $1,104,000 after acquiring an additional 5,028 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in shares of Beazer Homes USA in the 3rd quarter valued at $1,785,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Beazer Homes USA by 55.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 651,056 shares of the construction company’s stock valued at $12,200,000 after acquiring an additional 232,516 shares during the last quarter. 83.28% of the stock is owned by institutional investors.

Shares of Beazer Homes USA, Inc. (NYSE BZH) opened at $20.02 on Wednesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 3.30 and a current ratio of 18.20. The stock has a market cap of $674.27, a PE ratio of 21.30 and a beta of 2.70. Beazer Homes USA, Inc. has a 12-month low of $11.18 and a 12-month high of $23.24.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a net margin of 1.66% and a return on equity of 6.29%. The company had revenue of $673.00 million during the quarter, compared to analyst estimates of $645.17 million. During the same quarter last year, the firm posted $0.45 earnings per share. Beazer Homes USA’s revenue was up 6.5% compared to the same quarter last year. analysts predict that Beazer Homes USA, Inc. will post 1.4 EPS for the current year.

Several analysts have recently commented on BZH shares. Credit Suisse Group reaffirmed a “neutral” rating and issued a $21.00 price objective (up from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. Zacks Investment Research downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, TheStreet raised shares of Beazer Homes USA from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Beazer Homes USA has a consensus rating of “Hold” and an average price target of $18.50.

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Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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