Public Employees Retirement Association of Colorado Sells 460 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Public Employees Retirement Association of Colorado lessened its stake in Beazer Homes USA, Inc. (NYSE:BZH) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,895 shares of the construction company’s stock after selling 460 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Beazer Homes USA were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BZH. Foundry Partners LLC grew its holdings in shares of Beazer Homes USA by 29.4% during the first quarter. Foundry Partners LLC now owns 163,805 shares of the construction company’s stock valued at $5,373,000 after buying an additional 37,200 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Beazer Homes USA by 53.3% in the first quarter. First Eagle Investment Management LLC now owns 359,686 shares of the construction company’s stock worth $11,798,000 after purchasing an additional 125,100 shares during the last quarter. EMG Holdings L.P. bought a new position in shares of Beazer Homes USA during the fourth quarter valued at $4,831,000. Brightline Capital Management LLC bought a new position in shares of Beazer Homes USA during the fourth quarter valued at $10,137,000. Finally, Koss Olinger Consulting LLC bought a new stake in Beazer Homes USA in the 2nd quarter worth about $447,000. Institutional investors own 85.65% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Keith L. Belknap, Jr. sold 13,300 shares of Beazer Homes USA stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $31.17, for a total transaction of $414,561.00. Following the sale, the executive vice president now owns 150,819 shares in the company, valued at $4,701,028.23. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Beazer Homes USA news, EVP Keith L. Belknap, Jr. sold 13,462 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $30.73, for a total transaction of $413,687.26. Following the completion of the transaction, the executive vice president now owns 164,119 shares in the company, valued at approximately $5,043,376.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Keith L. Belknap, Jr. sold 13,300 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $31.17, for a total transaction of $414,561.00. Following the completion of the sale, the executive vice president now owns 150,819 shares in the company, valued at approximately $4,701,028.23. The disclosure for this sale can be found here. 6.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BZH has been the topic of a number of recent analyst reports. Wedbush raised shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price target for the company from $41.00 to $45.00 in a report on Thursday, September 5th. B. Riley lowered their price target on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. StockNews.com cut shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, Zelman & Associates reissued an “underperform” rating on shares of Beazer Homes USA in a report on Tuesday, September 17th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.67.

Beazer Homes USA Stock Up 4.1 %

BZH opened at $33.97 on Monday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 1.59 and a beta of 2.17. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.92 and a current ratio of 12.42. The firm’s fifty day moving average is $31.22 and its 200 day moving average is $29.66. Beazer Homes USA, Inc. has a fifty-two week low of $22.03 and a fifty-two week high of $35.20.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $595.68 million during the quarter, compared to analyst estimates of $597.67 million. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. On average, sell-side analysts forecast that Beazer Homes USA, Inc. will post 4.2 earnings per share for the current fiscal year.

About Beazer Homes USA

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.