Swiss National Bank Has $1.88 Million Position in Beazer Homes USA, Inc. (NYSE:BZH)

Swiss National Bank lowered its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,600 shares of the construction company’s stock after selling 6,500 shares during the period. Swiss National Bank owned approximately 0.18% of Beazer Homes USA worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of BZH. Donald Smith & CO. Inc. increased its holdings in shares of Beazer Homes USA by 58.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock worth $87,403,000 after acquiring an additional 958,814 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Beazer Homes USA during the 4th quarter worth approximately $24,971,000. Vanguard Group Inc. raised its holdings in Beazer Homes USA by 31.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after buying an additional 521,596 shares during the period. Invesco Ltd. raised its holdings in Beazer Homes USA by 152.0% during the 3rd quarter. Invesco Ltd. now owns 485,318 shares of the construction company’s stock worth $12,089,000 after buying an additional 292,706 shares during the period. Finally, Quantedge Capital Pte Ltd lifted its stake in Beazer Homes USA by 792.0% in the third quarter. Quantedge Capital Pte Ltd now owns 256,900 shares of the construction company’s stock valued at $6,399,000 after buying an additional 228,100 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Stock Performance

Shares of BZH stock opened at $27.53 on Friday. Beazer Homes USA, Inc. has a 12 month low of $20.04 and a 12 month high of $35.93. The company’s fifty day simple moving average is $29.12 and its 200-day simple moving average is $29.95. The firm has a market cap of $868.57 million, a PE ratio of 5.31 and a beta of 2.25. The company has a quick ratio of 1.30, a current ratio of 13.50 and a debt-to-equity ratio of 0.88.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.91 by $0.35. The firm had revenue of $541.50 million for the quarter, compared to analysts’ expectations of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. Equities research analysts expect that Beazer Homes USA, Inc. will post 4.61 EPS for the current fiscal year.

Analysts Set New Price Targets

BZH has been the topic of a number of research analyst reports. Wedbush restated a “neutral” rating and set a $33.00 price objective on shares of Beazer Homes USA in a report on Thursday, May 2nd. StockNews.com upgraded Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Saturday, May 11th.

Insider Activity at Beazer Homes USA

In other news, EVP Keith L. Belknap, Jr. sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $28.31, for a total transaction of $424,650.00. Following the sale, the executive vice president now owns 195,819 shares in the company, valued at approximately $5,543,635.89. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 6.99% of the company’s stock.

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.