Vestcor Inc Acquires Shares of 17,622 Beazer Homes USA, Inc. (NYSE:BZH)

Vestcor Inc acquired a new position in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 17,622 shares of the construction company's stock, valued at approximately $484,000. Vestcor Inc owned 0.06% of Beazer Homes USA at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. acquired a new stake in shares of Beazer Homes USA in the 3rd quarter valued at approximately $125,000. Systematic Financial Management LP purchased a new position in shares of Beazer Homes USA in the third quarter valued at $182,000. Metis Global Partners LLC acquired a new position in shares of Beazer Homes USA during the 3rd quarter worth $201,000. Quadrature Capital Ltd acquired a new position in shares of Beazer Homes USA during the 3rd quarter worth $262,000. Finally, Focus Financial Network Inc. purchased a new stake in shares of Beazer Homes USA in the 4th quarter worth about $275,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Price Performance

Shares of BZH traded down $0.07 during trading hours on Thursday, reaching $22.10. 271,364 shares of the company traded hands, compared to its average volume of 366,587. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $689.43 million, a PE ratio of 5.62, a price-to-earnings-growth ratio of 0.35 and a beta of 2.26. Beazer Homes USA, Inc. has a fifty-two week low of $20.66 and a fifty-two week high of $38.22. The stock has a fifty day simple moving average of $24.31 and a 200 day simple moving average of $29.12.

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Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The construction company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. As a group, research analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wedbush restated an "outperform" rating and set a $45.00 target price on shares of Beazer Homes USA in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $39.67.

Beazer Homes USA 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.