Vestcor Inc Takes $484,000 Position in Beazer Homes USA, Inc. (NYSE:BZH)

Vestcor Inc bought a new stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 17,622 shares of the construction company’s stock, valued at approximately $484,000. Vestcor Inc owned approximately 0.06% of Beazer Homes USA at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BZH. Point72 Asset Management L.P. purchased a new position in shares of Beazer Homes USA during the 3rd quarter valued at approximately $125,000. Systematic Financial Management LP purchased a new position in Beazer Homes USA in the 3rd quarter valued at $182,000. Metis Global Partners LLC purchased a new position in Beazer Homes USA in the 3rd quarter valued at $201,000. Quadrature Capital Ltd purchased a new position in Beazer Homes USA in the 3rd quarter valued at $262,000. Finally, Focus Financial Network Inc. purchased a new position in Beazer Homes USA in the 4th quarter valued at $275,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

Separately, Wedbush restated an “outperform” rating and issued a $45.00 price objective on shares of Beazer Homes USA in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.67.

Beazer Homes USA Stock Up 1.8 %

Shares of BZH opened at $21.44 on Monday. Beazer Homes USA, Inc. has a 52-week low of $20.66 and a 52-week high of $38.22. The company has a market capitalization of $669.05 million, a PE ratio of 5.46, a price-to-earnings-growth ratio of 0.35 and a beta of 2.26. The stock has a fifty day simple moving average of $24.58 and a two-hundred day simple moving average of $29.30. The company has a quick ratio of 1.25, a current ratio of 15.52 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, January 30th. The construction company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. As a group, equities analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Beazer Homes USA Company Profile

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.