Beazer Homes USA, Inc. (NYSE:BZH) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 43.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,983 shares of the construction company's stock after selling 41,630 shares during the period. Teacher Retirement System of Texas owned approximately 0.18% of Beazer Homes USA worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in BZH. Focus Financial Network Inc. purchased a new stake in Beazer Homes USA in the 4th quarter valued at $275,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Beazer Homes USA during the 3rd quarter valued at about $1,370,000. Ritholtz Wealth Management boosted its position in shares of Beazer Homes USA by 26.4% during the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company's stock valued at $689,000 after acquiring an additional 5,235 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Beazer Homes USA in the fourth quarter valued at about $304,000. Finally, Verition Fund Management LLC acquired a new stake in Beazer Homes USA during the third quarter worth about $910,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Beazer Homes USA Trading Up 1.8 %

Shares of NYSE BZH traded up $0.36 during mid-day trading on Wednesday, reaching $20.87. 186,588 shares of the company's stock were exchanged, compared to its average volume of 387,595. The company's 50-day moving average is $23.06 and its 200-day moving average is $28.43. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The firm has a market capitalization of $651.21 million, a price-to-earnings ratio of 5.31, a PEG ratio of 0.35 and a beta of 2.26. Beazer Homes USA, Inc. has a 52-week low of $19.80 and a 52-week high of $38.22.

Remove Ads

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. Analysts expect that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wedbush reissued an "outperform" rating and issued a $45.00 price target on shares of Beazer Homes USA in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Beazer Homes USA has a consensus rating of "Hold" and a consensus target price of $39.67.

Beazer Homes USA Company Profile

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.