Beazer Homes USA, Inc. (BZH) Holdings Lowered by California State Teachers Retirement System

California State Teachers Retirement System lowered its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,038 shares of the construction company’s stock after selling 5,381 shares during the period. California State Teachers Retirement System owned 0.15% of Beazer Homes USA worth $938,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Beazer Homes USA by 141.8% in the third quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock valued at $45,587,000 after buying an additional 1,451,175 shares during the last quarter. Chicago Equity Partners LLC raised its holdings in Beazer Homes USA by 213.5% during the third quarter. Chicago Equity Partners LLC now owns 393,790 shares of the construction company’s stock worth $7,380,000 after purchasing an additional 268,172 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Beazer Homes USA by 55.6% during the third quarter. Dimensional Fund Advisors LP now owns 651,056 shares of the construction company’s stock worth $12,200,000 after purchasing an additional 232,516 shares in the last quarter. Prudential Financial Inc. raised its holdings in Beazer Homes USA by 511.1% during the third quarter. Prudential Financial Inc. now owns 263,863 shares of the construction company’s stock worth $4,945,000 after purchasing an additional 220,683 shares in the last quarter. Finally, PDT Partners LLC purchased a new position in Beazer Homes USA during the second quarter worth about $2,992,000. Hedge funds and other institutional investors own 84.13% of the company’s stock.

Beazer Homes USA, Inc. (BZH) opened at $15.91 on Tuesday. Beazer Homes USA, Inc. has a 1-year low of $11.18 and a 1-year high of $23.24. The company has a quick ratio of 2.27, a current ratio of 18.95 and a debt-to-equity ratio of 2.40. The firm has a market cap of $534.86, a price-to-earnings ratio of -5.15 and a beta of 2.54.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a negative net margin of 5.01% and a positive return on equity of 7.99%. The business had revenue of $673.00 million for the quarter, compared to the consensus estimate of $645.17 million. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities research analysts expect that Beazer Homes USA, Inc. will post 1.75 earnings per share for the current year.

BZH has been the subject of a number of research analyst reports. TheStreet raised shares of Beazer Homes USA from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. ValuEngine raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday. JMP Securities upgraded shares of Beazer Homes USA from an “underperform” rating to a “market perform” rating in a research report on Monday. Finally, Credit Suisse Group restated a “neutral” rating and set a $21.00 target price (up previously from $15.00) on shares of Beazer Homes USA in a research report on Monday, November 20th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $18.50.

In related news, Director Stephen P. Zelnak, Jr. acquired 15,000 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $15.68 per share, with a total value of $235,200.00. Following the acquisition, the director now directly owns 319,364 shares in the company, valued at $5,007,627.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen P. Zelnak, Jr. purchased 30,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $15.65 per share, with a total value of $469,500.00. Following the completion of the acquisition, the director now directly owns 319,364 shares in the company, valued at approximately $4,998,046.60. The disclosure for this purchase can be found here. Insiders own 7.30% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/13/california-state-teachers-retirement-system-has-938000-holdings-in-beazer-homes-usa-inc-bzh.html.

About Beazer Homes USA

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)

Receive News & Ratings for Beazer Homes USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply