California State Teachers Retirement System lowered its position in Beazer Homes USA, Inc. (NYSE:BZH) by 10.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 55,419 shares of the construction company’s stock after selling 6,600 shares during the period. California State Teachers Retirement System owned 0.17% of Beazer Homes USA worth $760,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bayesian Capital Management LP purchased a new position in Beazer Homes USA in the 2nd quarter valued at $190,000. Neuberger Berman Group LLC raised its holdings in shares of Beazer Homes USA by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock worth $201,000 after acquiring an additional 118 shares during the period. Schroder Investment Management Group purchased a new position in shares of Beazer Homes USA during the 2nd quarter worth $215,000. Voya Investment Management LLC raised its holdings in shares of Beazer Homes USA by 13.0% during the 2nd quarter. Voya Investment Management LLC now owns 17,040 shares of the construction company’s stock worth $234,000 after acquiring an additional 1,963 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Beazer Homes USA during the 2nd quarter worth $237,000. Institutional investors own 84.27% of the company’s stock.

Several research analysts have recently commented on BZH shares. ValuEngine lowered Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Friday, September 1st. J P Morgan Chase & Co raised Beazer Homes USA from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $14.50 to $21.00 in a research report on Thursday, September 14th. Credit Suisse Group reissued a “neutral” rating and set a $21.00 price objective (up from $15.00) on shares of Beazer Homes USA in a research report on Monday, November 20th. Zacks Investment Research downgraded Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, TheStreet raised Beazer Homes USA from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.50.

Shares of Beazer Homes USA, Inc. (BZH) traded down $0.19 during trading hours on Friday, hitting $21.16. The company had a trading volume of 580,200 shares, compared to its average volume of 544,503. The company has a quick ratio of 3.30, a current ratio of 18.20 and a debt-to-equity ratio of 1.95. The firm has a market cap of $729.57, a P/E ratio of 17.28 and a beta of 2.73. Beazer Homes USA, Inc. has a 1 year low of $11.18 and a 1 year high of $23.24.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.50. The company had revenue of $673.00 million during the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. Beazer Homes USA’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. sell-side analysts expect that Beazer Homes USA, Inc. will post 1.33 EPS for the current year.

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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)

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