Public Employees Retirement System of Ohio trimmed its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 11.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,943 shares of the construction company’s stock after selling 15,491 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.34% of Beazer Homes USA worth $2,154,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Cornerstone Capital Management Holdings LLC. lifted its stake in Beazer Homes USA by 34.6% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 282,200 shares of the construction company’s stock worth $5,287,000 after purchasing an additional 72,600 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Beazer Homes USA by 14.4% during the third quarter. Allianz Asset Management GmbH now owns 50,180 shares of the construction company’s stock worth $940,000 after purchasing an additional 6,335 shares in the last quarter. Engineers Gate Manager LP increased its position in shares of Beazer Homes USA by 9.3% during the third quarter. Engineers Gate Manager LP now owns 58,899 shares of the construction company’s stock worth $1,104,000 after acquiring an additional 5,028 shares during the period. OxFORD Asset Management LLP purchased a new stake in shares of Beazer Homes USA during the third quarter worth $1,785,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Beazer Homes USA by 55.6% during the third quarter. Dimensional Fund Advisors LP now owns 651,056 shares of the construction company’s stock worth $12,200,000 after acquiring an additional 232,516 shares during the period. Institutional investors own 83.28% of the company’s stock.

A number of analysts have recently weighed in on BZH shares. Credit Suisse Group reaffirmed a “neutral” rating and set a $21.00 price objective (up previously from $15.00) on shares of Beazer Homes USA in a research report on Monday, November 20th. JPMorgan Chase & Co. raised Beazer Homes USA from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $14.50 to $21.00 in a research report on Thursday, September 14th. Zacks Investment Research lowered Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, TheStreet raised Beazer Homes USA from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Beazer Homes USA currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Shares of Beazer Homes USA, Inc. (BZH) opened at $19.21 on Tuesday. Beazer Homes USA, Inc. has a 12-month low of $11.18 and a 12-month high of $23.24. The company has a debt-to-equity ratio of 1.95, a quick ratio of 3.30 and a current ratio of 18.20. The firm has a market capitalization of $645.38, a price-to-earnings ratio of 19.60 and a beta of 2.71.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.50. Beazer Homes USA had a return on equity of 6.29% and a net margin of 1.66%. The business had revenue of $673.00 million for the quarter, compared to analyst estimates of $645.17 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. research analysts forecast that Beazer Homes USA, Inc. will post 1.33 EPS for the current fiscal year.

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About Beazer Homes USA

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.

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

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