Prudential Financial Inc. Has $5.05 Million Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

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Prudential Financial Inc. trimmed its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 8.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 525,002 shares of the construction company’s stock after selling 46,560 shares during the quarter. Prudential Financial Inc. owned approximately 1.70% of Beazer Homes USA worth $5,045,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC grew its holdings in Beazer Homes USA by 2.1% during the 1st quarter. IndexIQ Advisors LLC now owns 134,527 shares of the construction company’s stock worth $1,548,000 after acquiring an additional 2,758 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Beazer Homes USA by 2.3% during the 2nd quarter. Acadian Asset Management LLC now owns 159,887 shares of the construction company’s stock worth $1,536,000 after acquiring an additional 3,624 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Beazer Homes USA by 152.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,284 shares of the construction company’s stock worth $72,000 after acquiring an additional 3,796 shares during the last quarter. Factorial Partners LLC grew its holdings in Beazer Homes USA by 29.4% during the 1st quarter. Factorial Partners LLC now owns 22,000 shares of the construction company’s stock worth $253,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Beazer Homes USA by 145.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 11,648 shares of the construction company’s stock worth $111,000 after acquiring an additional 6,909 shares during the last quarter. Institutional investors and hedge funds own 84.39% of the company’s stock.

Shares of NYSE:BZH traded down $0.30 during trading on Friday, reaching $13.85. The stock had a trading volume of 24,989 shares, compared to its average volume of 383,121. The firm’s fifty day moving average is $11.97 and its 200 day moving average is $11.29. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.69 and a current ratio of 11.86. Beazer Homes USA, Inc. has a 52 week low of $8.16 and a 52 week high of $14.37. The stock has a market cap of $408.29 million, a price-to-earnings ratio of 6.96 and a beta of 2.41.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, August 1st. The construction company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.16. Beazer Homes USA had a negative net margin of 1.03% and a positive return on equity of 10.17%. The company had revenue of $482.74 million for the quarter, compared to analyst estimates of $470.65 million. During the same period in the prior year, the firm posted $0.41 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. On average, research analysts forecast that Beazer Homes USA, Inc. will post 1.51 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on BZH shares. Zacks Investment Research lowered shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Wedbush reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Beazer Homes USA in a research note on Friday, August 2nd. Finally, ValuEngine raised shares of Beazer Homes USA from a “strong sell” rating to a “sell” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Beazer Homes USA has an average rating of “Hold” and an average price target of $13.75.

Beazer Homes USA Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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

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