Beazer Homes USA, Inc. (NYSE:BZH) Stake Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Beazer Homes USA, Inc. (NYSE:BZHFree Report) by 1.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 182,069 shares of the construction company’s stock after selling 1,990 shares during the period. Bank of New York Mellon Corp’s holdings in Beazer Homes USA were worth $4,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BZH. Apollo Management Holdings L.P. bought a new position in Beazer Homes USA during the 1st quarter worth $21,323,000. AQR Capital Management LLC grew its stake in Beazer Homes USA by 140.0% during the 4th quarter. AQR Capital Management LLC now owns 519,290 shares of the construction company’s stock worth $6,626,000 after buying an additional 302,939 shares during the last quarter. Norges Bank bought a new position in Beazer Homes USA during the 4th quarter worth $3,401,000. Marshall Wace LLP bought a new position in shares of Beazer Homes USA in the second quarter worth $7,411,000. Finally, Millennium Management LLC grew its stake in shares of Beazer Homes USA by 67.4% in the second quarter. Millennium Management LLC now owns 514,750 shares of the construction company’s stock worth $6,213,000 after purchasing an additional 207,167 shares in the last quarter. 79.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BZH has been the subject of several recent analyst reports. Wedbush cut Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $32.00 price target for the company. in a research note on Friday, November 17th. StockNews.com initiated coverage on Beazer Homes USA in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Beazer Homes USA has an average rating of “Moderate Buy” and a consensus price target of $35.33.

Read Our Latest Stock Report on BZH

Beazer Homes USA Trading Down 3.0 %

Shares of Beazer Homes USA stock opened at $31.77 on Thursday. The company has a quick ratio of 2.80, a current ratio of 14.19 and a debt-to-equity ratio of 0.89. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 6.17 and a beta of 2.32. The business has a fifty day simple moving average of $31.01 and a 200-day simple moving average of $28.75. Beazer Homes USA, Inc. has a fifty-two week low of $13.56 and a fifty-two week high of $35.93.

Beazer Homes USA (NYSE:BZHGet Free Report) last posted its quarterly earnings data on Thursday, November 16th. The construction company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.41. The firm had revenue of $645.40 million for the quarter, compared to the consensus estimate of $627.29 million. Beazer Homes USA had a return on equity of 14.89% and a net margin of 7.19%. The business’s revenue for the quarter was down 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.82 EPS. On average, equities analysts forecast that Beazer Homes USA, Inc. will post 4.64 EPS for the current fiscal year.

Beazer Homes USA Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Beazer Homes USA (NYSE:BZH)

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