Cibc World Market Inc. Decreases Stake in Beazer Homes USA, Inc. (NYSE:BZH)

Cibc World Market Inc. decreased its holdings in Beazer Homes USA, Inc. (NYSE:BZHGet Rating) by 12.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,296 shares of the construction company’s stock after selling 1,556 shares during the period. Cibc World Market Inc.’s holdings in Beazer Homes USA were worth $136,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Beazer Homes USA by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 1,759,636 shares of the construction company’s stock valued at $26,782,000 after acquiring an additional 108,173 shares during the period. Donald Smith & CO. Inc. lifted its stake in shares of Beazer Homes USA by 21.6% during the first quarter. Donald Smith & CO. Inc. now owns 1,480,974 shares of the construction company’s stock worth $22,540,000 after purchasing an additional 263,542 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Beazer Homes USA by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,013,201 shares of the construction company’s stock worth $15,422,000 after buying an additional 5,052 shares during the period. Acadian Asset Management LLC grew its stake in shares of Beazer Homes USA by 7.6% in the first quarter. Acadian Asset Management LLC now owns 868,029 shares of the construction company’s stock valued at $13,209,000 after buying an additional 61,247 shares in the last quarter. Finally, Timelo Investment Management Inc. raised its holdings in shares of Beazer Homes USA by 98.5% during the 1st quarter. Timelo Investment Management Inc. now owns 743,311 shares of the construction company’s stock valued at $11,313,000 after buying an additional 368,831 shares during the period. 78.40% of the stock is owned by institutional investors and hedge funds.

Beazer Homes USA Stock Performance

Beazer Homes USA stock opened at $13.65 on Friday. Beazer Homes USA, Inc. has a 52 week low of $9.47 and a 52 week high of $23.97. The company has a current ratio of 14.17, a quick ratio of 2.07 and a debt-to-equity ratio of 1.05. The stock has a market cap of $421.51 million, a P/E ratio of 1.90 and a beta of 2.06. The stock has a 50 day moving average of $11.29 and a 200-day moving average of $13.21.

Beazer Homes USA (NYSE:BZHGet Rating) last posted its quarterly earnings data on Thursday, November 10th. The construction company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.06 by $0.76. The firm had revenue of $827.60 million for the quarter, compared to the consensus estimate of $718.55 million. Beazer Homes USA had a net margin of 9.53% and a return on equity of 26.33%. The firm’s revenue was up 40.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 EPS. On average, analysts expect that Beazer Homes USA, Inc. will post 3.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BZH. B. Riley decreased their price target on Beazer Homes USA from $19.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, October 18th. StockNews.com started coverage on shares of Beazer Homes USA in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Wedbush decreased their price objective on shares of Beazer Homes USA to $18.00 in a research report on Wednesday, November 16th.

About Beazer Homes USA

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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 sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Maryland, Indiana, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

See Also

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

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