Canada Pension Plan Investment Board Acquires 31,500 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Canada Pension Plan Investment Board boosted its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 66.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,100 shares of the construction company’s stock after acquiring an additional 31,500 shares during the quarter. Canada Pension Plan Investment Board owned 0.25% of Beazer Homes USA worth $2,172,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BZH. Vanguard Group Inc. lifted its position in shares of Beazer Homes USA by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 1,828,558 shares of the construction company’s stock worth $50,212,000 after buying an additional 22,033 shares during the period. Boston Partners lifted its holdings in Beazer Homes USA by 5.1% during the 4th quarter. Boston Partners now owns 1,123,125 shares of the construction company’s stock valued at $30,946,000 after purchasing an additional 54,959 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Beazer Homes USA by 9.1% in the fourth quarter. First Eagle Investment Management LLC now owns 612,158 shares of the construction company’s stock valued at $16,810,000 after buying an additional 51,027 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Beazer Homes USA by 13.2% during the fourth quarter. Victory Capital Management Inc. now owns 255,113 shares of the construction company’s stock worth $7,005,000 after buying an additional 29,660 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Beazer Homes USA by 16.4% in the 4th quarter. Royce & Associates LP now owns 231,861 shares of the construction company’s stock worth $6,367,000 after acquiring an additional 32,730 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Stock Down 0.9 %

Shares of Beazer Homes USA stock opened at $18.88 on Thursday. The business has a fifty day simple moving average of $21.07 and a 200 day simple moving average of $26.77. The stock has a market cap of $589.11 million, a PE ratio of 4.80, a price-to-earnings-growth ratio of 0.35 and a beta of 2.05. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. Beazer Homes USA, Inc. has a 12 month low of $17.37 and a 12 month high of $38.22.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. Research analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Analyst Ratings Changes

Separately, Wedbush restated an “outperform” rating and issued a $45.00 target price on shares of Beazer Homes USA in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.67.

Beazer Homes USA Company Profile

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.