Shell Asset Management Co. held its position in Beazer Homes USA, Inc. (NYSE:BZH) during the second quarter, Holdings Channel reports. The fund owned 65,257 shares of the construction company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in Beazer Homes USA were worth $895,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp boosted its position in Beazer Homes USA by 6.3% in the fourth quarter. State Street Corp now owns 665,687 shares of the construction company’s stock valued at $8,852,000 after buying an additional 39,385 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Beazer Homes USA by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 411,170 shares of the construction company’s stock valued at $5,469,000 after buying an additional 22,158 shares during the last quarter. Renaissance Technologies LLC bought a new position in Beazer Homes USA during the fourth quarter valued at $2,449,000. Fox Run Management L.L.C. bought a new position in Beazer Homes USA during the first quarter valued at $271,000. Finally, Nationwide Fund Advisors boosted its position in Beazer Homes USA by 39.8% in the first quarter. Nationwide Fund Advisors now owns 118,901 shares of the construction company’s stock valued at $1,442,000 after buying an additional 33,834 shares during the last quarter. 81.04% of the stock is owned by hedge funds and other institutional investors.
Shares of Beazer Homes USA, Inc. (NYSE:BZH) opened at 15.86 on Thursday. Beazer Homes USA, Inc. has a 12 month low of $9.67 and a 12 month high of $16.26. The company’s 50-day moving average is $13.80 and its 200 day moving average is $13.07. The company’s market capitalization is $507.06 million.
Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The firm had revenue of $478.59 million for the quarter, compared to analysts’ expectations of $470.98 million. During the same quarter last year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that Beazer Homes USA, Inc. will post $0.86 earnings per share for the current year.
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BZH has been the subject of several research reports. Zacks Investment Research raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Tuesday, April 25th. Zelman & Associates upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research report on Friday, May 5th. JMP Securities restated an “underperform” rating on shares of Beazer Homes USA in a research report on Monday, May 29th. Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $12.31 to $15.00 in a research report on Thursday, June 15th. Finally, Credit Suisse Group assumed coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.13.
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.
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