Cornerstone Capital Management Holdings LLC. cut its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,100 shares of the construction company’s stock after selling 17,100 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Beazer Homes USA were worth $5,092,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BZH. State Street Corp lifted its holdings in Beazer Homes USA by 3.2% in the 2nd quarter. State Street Corp now owns 580,551 shares of the construction company’s stock worth $7,969,000 after purchasing an additional 18,271 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Beazer Homes USA by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,938 shares of the construction company’s stock worth $355,000 after acquiring an additional 318 shares during the last quarter. Nationwide Fund Advisors increased its stake in Beazer Homes USA by 26.1% in the 3rd quarter. Nationwide Fund Advisors now owns 166,768 shares of the construction company’s stock worth $3,125,000 after acquiring an additional 34,502 shares during the last quarter. American Century Companies Inc. increased its stake in Beazer Homes USA by 63.7% in the 3rd quarter. American Century Companies Inc. now owns 204,874 shares of the construction company’s stock worth $3,839,000 after acquiring an additional 79,685 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Beazer Homes USA by 511.1% in the 3rd quarter. Prudential Financial Inc. now owns 263,863 shares of the construction company’s stock worth $4,945,000 after acquiring an additional 220,683 shares during the last quarter. 90.21% of the stock is currently owned by institutional investors.

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BZH has been the topic of a number of research reports. ValuEngine raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet downgraded Beazer Homes USA from a “b-” rating to a “c-” rating in a research note on Wednesday, February 7th. JMP Securities raised Beazer Homes USA from an “underperform” rating to a “market perform” rating in a research note on Monday, February 12th. Zacks Investment Research raised Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday, February 12th. Finally, Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $15.25 to $22.00 in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Beazer Homes USA presently has a consensus rating of “Buy” and a consensus price target of $20.25.

Shares of Beazer Homes USA stock opened at $16.76 on Thursday. The company has a quick ratio of 2.27, a current ratio of 18.95 and a debt-to-equity ratio of 2.40. Beazer Homes USA, Inc. has a 12 month low of $11.18 and a 12 month high of $23.24. The stock has a market capitalization of $543.27, a P/E ratio of 10.56 and a beta of 2.58.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Tuesday, February 6th. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.19. The business had revenue of $372.49 million for the quarter, compared to the consensus estimate of $357.45 million. Beazer Homes USA had a positive return on equity of 7.99% and a negative net margin of 5.01%. sell-side analysts expect that Beazer Homes USA, Inc. will post 1.75 earnings per share for the current year.

In related news, Director Stephen P. Zelnak, Jr. bought 15,000 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average price of $15.68 per share, with a total value of $235,200.00. Following the transaction, the director now owns 319,364 shares in the company, valued at approximately $5,007,627.52. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen P. Zelnak, Jr. bought 30,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $15.65 per share, for a total transaction of $469,500.00. Following the transaction, the director now owns 319,364 shares in the company, valued at approximately $4,998,046.60. The disclosure for this purchase can be found here. Insiders own 7.30% of the company’s stock.

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Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

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

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