Morgan Stanley boosted its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 10.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 115,986 shares of the construction company’s stock after buying an additional 10,633 shares during the period. Morgan Stanley’s holdings in Beazer Homes USA were worth $747,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in Beazer Homes USA during the first quarter valued at approximately $287,000. BNP Paribas Arbitrage SA raised its position in Beazer Homes USA by 807.8% during the first quarter. BNP Paribas Arbitrage SA now owns 43,946 shares of the construction company’s stock valued at $283,000 after purchasing an additional 39,105 shares during the period. State Street Corp raised its position in Beazer Homes USA by 25.7% during the first quarter. State Street Corp now owns 809,054 shares of the construction company’s stock valued at $5,210,000 after purchasing an additional 165,376 shares during the period. Nuveen Asset Management LLC raised its position in Beazer Homes USA by 19.2% during the first quarter. Nuveen Asset Management LLC now owns 181,698 shares of the construction company’s stock valued at $1,170,000 after purchasing an additional 29,287 shares during the period. Finally, Renaissance Technologies LLC raised its position in Beazer Homes USA by 70.5% during the fourth quarter. Renaissance Technologies LLC now owns 283,400 shares of the construction company’s stock valued at $4,004,000 after purchasing an additional 117,200 shares during the period. 82.49% of the stock is owned by institutional investors.
Shares of NYSE:BZH opened at $11.19 on Friday. The company has a quick ratio of 2.49, a current ratio of 14.12 and a debt-to-equity ratio of 2.61. The stock has a market cap of $347.23 million, a P/E ratio of 10.86 and a beta of 2.40. The business’s 50 day moving average is $10.27 and its 200 day moving average is $10.08. Beazer Homes USA, Inc. has a 52-week low of $4.39 and a 52-week high of $17.23.
A number of brokerages have issued reports on BZH. Wedbush decreased their price objective on Beazer Homes USA from $16.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Zacks Investment Research downgraded Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th.
Beazer Homes USA Profile
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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