State Board of Administration of Florida Retirement System cut its stake in shares of Beazer Homes USA Inc. (NYSE:BZH) by 0.6% during the second quarter, Holdings Channel reports. The fund owned 35,561 shares of the company’s stock after selling 204 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.11% of Beazer Homes USA worth $276,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Emerald Acquisition Ltd. bought a new position in Beazer Homes USA during the second quarter worth approximately $4,937,000. Royce & Associates LP increased its position in Beazer Homes USA by 59.9% in the first quarter. Royce & Associates LP now owns 1,289,179 shares of the company’s stock worth $11,242,000 after buying an additional 483,104 shares in the last quarter. Bogle Investment Management L P DE increased its position in Beazer Homes USA by 526.8% in the first quarter. Bogle Investment Management L P DE now owns 120,972 shares of the company’s stock worth $1,054,000 after buying an additional 101,672 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Beazer Homes USA by 245.0% in the second quarter. Nisa Investment Advisors LLC now owns 79,000 shares of the company’s stock worth $612,000 after buying an additional 56,100 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in Beazer Homes USA during the first quarter worth approximately $390,000. 87.56% of the stock is owned by hedge funds and other institutional investors.
Beazer Homes USA Inc. (NYSE:BZH) traded down 0.09% during trading on Friday, reaching $11.10. The company’s stock had a trading volume of 432,216 shares. The stock’s 50-day moving average is $11.44 and its 200 day moving average is $9.30. The firm has a market capitalization of $353.12 million, a price-to-earnings ratio of 1.10 and a beta of 3.06. Beazer Homes USA Inc. has a 52-week low of $6.07 and a 52-week high of $15.79.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. Beazer Homes USA had a return on equity of 6.98% and a net margin of 19.85%. The business earned $459.90 million during the quarter, compared to analyst estimates of $435.58 million. During the same quarter last year, the company posted $0.38 EPS. Beazer Homes USA’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that Beazer Homes USA Inc. will post $0.38 EPS for the current fiscal year.
A number of research analysts have recently commented on BZH shares. Zacks Investment Research raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Monday, July 18th. FBN Securities cut Beazer Homes USA from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $13.50 to $11.50 in a report on Monday, October 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Beazer Homes USA presently has a consensus rating of “Hold” and a consensus price target of $14.05.
In other Beazer Homes USA news, Director Stephen P. Zelnak, Jr. acquired 50,000 shares of Beazer Homes USA stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average cost of $9.70 per share, with a total value of $485,000.00. Following the purchase, the director now owns 241,920 shares in the company, valued at $2,346,624. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen P. Zelnak, Jr. acquired 13,649 shares of Beazer Homes USA stock in a transaction that occurred on Friday, August 26th. The stock was acquired at an average cost of $10.50 per share, with a total value of $143,314.50. Following the completion of the purchase, the director now owns 278,087 shares in the company, valued at approximately $2,919,913.50. The disclosure for this purchase can be found here. 5.90% of the stock is owned by corporate insiders.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
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