Morgan Stanley Acquires 10,633 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Share on StockTwits

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.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, April 30th. The construction company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The business had revenue of $489.41 million for the quarter, compared to analysts’ expectations of $480.90 million. Beazer Homes USA had a return on equity of 11.14% and a net margin of 1.39%. During the same quarter last year, the firm earned ($3.28) EPS. On average, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 0.7 EPS for the current fiscal year.

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.

Featured Story: Recession

Want to see what other hedge funds are holding BZH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beazer Homes USA, Inc. (NYSE:BZH).

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.



Latest News

Nomura  Upgraded to “C” by TheStreet
Nomura Upgraded to “C” by TheStreet
TheStreet Upgrades Opko Health  to C-
TheStreet Upgrades Opko Health to C-
Graham  Stock Rating Reaffirmed by Maxim Group
Graham Stock Rating Reaffirmed by Maxim Group
First Commonwealth Financial  Rating Reiterated by DA Davidson
First Commonwealth Financial Rating Reiterated by DA Davidson
Oceaneering International’s  “Equal Weight” Rating Reiterated at Capital One Financial
Oceaneering International’s “Equal Weight” Rating Reiterated at Capital One Financial
O’Reilly Automotive’s  Outperform Rating Reiterated at William Blair
O’Reilly Automotive’s Outperform Rating Reiterated at William Blair


© 2006-2020 Ticker Report