Dimensional Fund Advisors LP cut its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 418,540 shares of the construction company’s stock after selling 710 shares during the quarter. Dimensional Fund Advisors LP owned about 1.31% of Beazer Homes USA worth $5,742,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Parametric Portfolio Associates LLC lifted its stake in Beazer Homes USA by 49.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 147,476 shares of the construction company’s stock valued at $2,023,000 after acquiring an additional 48,602 shares in the last quarter. Piermont Capital Management Inc. bought a new stake in Beazer Homes USA in the 2nd quarter valued at approximately $1,789,000. Vanguard Group Inc. lifted its stake in Beazer Homes USA by 5.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,687,887 shares of the construction company’s stock valued at $23,157,000 after acquiring an additional 93,632 shares in the last quarter. Northern Trust Corp lifted its stake in Beazer Homes USA by 3.3% in the 2nd quarter. Northern Trust Corp now owns 835,998 shares of the construction company’s stock valued at $11,470,000 after acquiring an additional 26,737 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in Beazer Homes USA in the 2nd quarter valued at approximately $237,000. Institutional investors and hedge funds own 84.14% of the company’s stock.
Shares of Beazer Homes USA, Inc. (NYSE:BZH) opened at $21.96 on Wednesday. The company has a quick ratio of 3.30, a current ratio of 18.20 and a debt-to-equity ratio of 1.95. Beazer Homes USA, Inc. has a 12 month low of $11.18 and a 12 month high of $23.24. The firm has a market capitalization of $724.54, a price-to-earnings ratio of 17.16 and a beta of 2.73.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.50. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. The firm had revenue of $673.00 million for the quarter, compared to analyst estimates of $645.17 million. During the same period in the prior year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. equities analysts expect that Beazer Homes USA, Inc. will post 1.33 earnings per share for the current year.
A number of brokerages have recently issued reports on BZH. TheStreet upgraded Beazer Homes USA from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research note on Monday. ValuEngine cut Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. J P Morgan Chase & Co upgraded Beazer Homes USA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $14.50 to $21.00 in a research note on Thursday, September 14th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $21.00 price objective (up previously from $15.00) on shares of Beazer Homes USA in a research note on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Beazer Homes USA currently has a consensus rating of “Hold” and an average target price of $18.50.
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Beazer Homes USA Company Profile
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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