California State Teachers Retirement System Sells 702 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

California State Teachers Retirement System trimmed its position in Beazer Homes USA, Inc. (NYSE:BZH) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,611 shares of the construction company’s stock after selling 702 shares during the quarter. California State Teachers Retirement System owned about 0.09% of Beazer Homes USA worth $758,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BZH. Mill Road Capital Management LLC increased its holdings in shares of Beazer Homes USA by 81.0% in the fourth quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company’s stock worth $18,290,000 after purchasing an additional 297,989 shares during the last quarter. Norges Bank bought a new stake in shares of Beazer Homes USA in the fourth quarter worth about $4,149,000. Algert Global LLC increased its holdings in shares of Beazer Homes USA by 582.0% in the fourth quarter. Algert Global LLC now owns 160,008 shares of the construction company’s stock worth $4,394,000 after purchasing an additional 136,548 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Beazer Homes USA in the fourth quarter worth about $2,618,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Beazer Homes USA in the fourth quarter worth about $2,077,000. 85.65% of the stock is owned by institutional investors.

Insider Activity

In other Beazer Homes USA news, Director John J. Kelley III bought 10,000 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $21.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the director now owns 15,917 shares in the company, valued at $342,215.50. This represents a 169.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BZH. Wedbush restated an “outperform” rating and set a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a research report on Friday, May 2nd. Oppenheimer restated an “outperform” rating and set a $33.00 price objective (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $37.00.

Beazer Homes USA Trading Up 4.9%

Shares of BZH stock opened at $23.06 on Wednesday. Beazer Homes USA, Inc. has a 1 year low of $17.37 and a 1 year high of $38.22. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25. The stock’s 50 day simple moving average is $20.36 and its two-hundred day simple moving average is $24.09. The company has a market cap of $698.91 million, a PE ratio of 5.87, a price-to-earnings-growth ratio of 0.35 and a beta of 2.10.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16. The firm had revenue of $565.34 million for the quarter, compared to analysts’ expectations of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Research analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current 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.