Healthcare of Ontario Pension Plan Trust Fund Invests $1.37 Million in Beazer Homes USA, Inc. (NYSE:BZH)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 40,100 shares of the construction company's stock, valued at approximately $1,370,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.13% of Beazer Homes USA at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Beazer Homes USA by 5.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,780 shares of the construction company's stock worth $584,000 after acquiring an additional 943 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Beazer Homes USA by 10.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company's stock worth $274,000 after acquiring an additional 967 shares during the period. Register Financial Advisors LLC grew its position in Beazer Homes USA by 12.0% in the 2nd quarter. Register Financial Advisors LLC now owns 63,481 shares of the construction company's stock valued at $1,744,000 after buying an additional 6,825 shares in the last quarter. Summit Global Investments increased its stake in shares of Beazer Homes USA by 4.4% during the second quarter. Summit Global Investments now owns 43,362 shares of the construction company's stock valued at $1,192,000 after acquiring an additional 1,841 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Beazer Homes USA by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 152,545 shares of the construction company's stock valued at $4,192,000 after purchasing an additional 9,561 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BZH shares. Wedbush raised Beazer Homes USA from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. Zelman & Associates reiterated an "underperform" rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Finally, StockNews.com lowered Beazer Homes USA from a "hold" rating to a "sell" rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $39.67.

Beazer Homes USA Trading Down 0.1 %

Shares of NYSE:BZH traded down $0.05 during midday trading on Monday, hitting $34.90. The company had a trading volume of 256,834 shares, compared to its average volume of 360,525. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 0.39 and a beta of 2.18. Beazer Homes USA, Inc. has a 12 month low of $25.48 and a 12 month high of $38.22. The firm has a fifty day simple moving average of $32.81 and a 200 day simple moving average of $30.79. The company has a current ratio of 14.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.83.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The construction company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.34. The business had revenue of $806.20 million for the quarter, compared to analyst estimates of $775.42 million. Beazer Homes USA had a net margin of 6.02% and a return on equity of 11.95%. The firm's revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 earnings per share. On average, analysts predict that Beazer Homes USA, Inc. will post 4.44 EPS for the current year.

Insider Buying and Selling

In other news, CFO David I. Goldberg sold 6,057 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the transaction, the chief financial officer now owns 131,004 shares of the company's stock, valued at approximately $4,199,988.24. This represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.99% of the stock is owned by insiders.

About Beazer Homes USA

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.