Beazer Homes USA, Inc. $BZH Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 93.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 133,861 shares of the construction company’s stock after purchasing an additional 64,652 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.45% of Beazer Homes USA worth $3,286,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada boosted its position in Beazer Homes USA by 1.8% during the first quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock worth $1,507,000 after acquiring an additional 1,279 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Beazer Homes USA by 35.5% in the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock worth $4,055,000 after purchasing an additional 52,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Beazer Homes USA by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after purchasing an additional 734 shares in the last quarter. Belpointe Asset Management LLC grew its holdings in shares of Beazer Homes USA by 20.6% during the 2nd quarter. Belpointe Asset Management LLC now owns 12,448 shares of the construction company’s stock worth $278,000 after purchasing an additional 2,129 shares during the period. Finally, CWM LLC increased its position in Beazer Homes USA by 69.2% during the 2nd quarter. CWM LLC now owns 6,771 shares of the construction company’s stock worth $151,000 after purchasing an additional 2,769 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Trading Up 1.3%

NYSE:BZH opened at $23.60 on Thursday. Beazer Homes USA, Inc. has a 1-year low of $17.37 and a 1-year high of $28.08. The stock has a fifty day simple moving average of $22.14 and a 200 day simple moving average of $23.28. The firm has a market capitalization of $696.52 million, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 0.99 and a beta of 2.18. The company has a quick ratio of 2.07, a current ratio of 16.21 and a debt-to-equity ratio of 0.82.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, November 13th. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.27. Beazer Homes USA had a return on equity of 4.46% and a net margin of 1.92%.The firm had revenue of $791.90 million during the quarter, compared to analyst estimates of $674.80 million. During the same period last year, the company posted $1.69 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. Sell-side analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Wall Street Zen upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Beazer Homes USA in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.33.

About Beazer Homes USA

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.