TIAA CREF Investment Management LLC grew its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 392,908 shares of the construction company’s stock after buying an additional 1,721 shares during the quarter. TIAA CREF Investment Management LLC owned 1.23% of Beazer Homes USA worth $5,391,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BZH. JPMorgan Chase & Co. raised its position in shares of Beazer Homes USA by 136.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,023,684 shares of the construction company’s stock valued at $14,045,000 after buying an additional 590,938 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Beazer Homes USA by 19.4% during the 1st quarter. Vanguard Group Inc. now owns 1,594,255 shares of the construction company’s stock valued at $19,339,000 after buying an additional 258,694 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Beazer Homes USA by 105.6% during the 1st quarter. Renaissance Technologies LLC now owns 378,560 shares of the construction company’s stock valued at $4,592,000 after buying an additional 194,400 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of Beazer Homes USA during the 2nd quarter valued at $1,723,000. Finally, American Century Companies Inc. purchased a new stake in shares of Beazer Homes USA during the 2nd quarter valued at $1,718,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “TIAA CREF Investment Management LLC Boosts Stake in Beazer Homes USA, Inc. (BZH)” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/10/17/tiaa-cref-investment-management-llc-boosts-stake-in-beazer-homes-usa-inc-bzh.html.

Beazer Homes USA, Inc. (NYSE:BZH) opened at 19.50 on Tuesday. Beazer Homes USA, Inc. has a 12-month low of $9.67 and a 12-month high of $19.95. The company’s market cap is $623.43 million. The company’s 50 day moving average is $17.25 and its 200 day moving average is $14.42.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. The company had revenue of $478.59 million for the quarter, compared to the consensus estimate of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. Beazer Homes USA’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Analysts forecast that Beazer Homes USA, Inc. will post $0.81 earnings per share for the current fiscal year.

Several research firms have recently weighed in on BZH. Wedbush cut shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, July 4th. Credit Suisse Group began coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They set a “neutral” rating and a $13.00 price objective on the stock. BidaskClub upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Finally, J P Morgan Chase & Co raised shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and increased their target price for the company from $14.50 to $21.00 in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $16.50.

About Beazer Homes USA

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.

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

Receive News & Ratings for Beazer Homes USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.