New York State Common Retirement Fund Reduces Stock Holdings in Beazer Homes USA, Inc. (NYSE:BZH)

New York State Common Retirement Fund cut its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 43,359 shares of the construction company’s stock after selling 714 shares during the quarter. New York State Common Retirement Fund’s holdings in Beazer Homes USA were worth $1,465,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Beazer Homes USA by 60.5% during the third quarter. American Century Companies Inc. now owns 434,648 shares of the construction company’s stock valued at $10,827,000 after acquiring an additional 163,760 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Beazer Homes USA in the fourth quarter worth $24,971,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Beazer Homes USA in the third quarter worth $802,000. Lazard Asset Management LLC lifted its stake in shares of Beazer Homes USA by 207.9% during the third quarter. Lazard Asset Management LLC now owns 42,408 shares of the construction company’s stock worth $1,055,000 after buying an additional 28,634 shares during the period. Finally, Graham Capital Management L.P. acquired a new position in shares of Beazer Homes USA in the 3rd quarter valued at $461,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Beazer Homes USA Trading Down 0.1 %

NYSE BZH opened at $28.70 on Friday. Beazer Homes USA, Inc. has a 1 year low of $20.04 and a 1 year high of $35.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.30. The company has a market capitalization of $905.40 million, a PE ratio of 5.54 and a beta of 2.25. The company has a fifty day moving average of $29.63 and a 200 day moving average of $29.66.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.35. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The business had revenue of $541.50 million during the quarter, compared to analyst estimates of $569.88 million. During the same quarter last year, the business posted $1.13 EPS. The company’s revenue was down .4% on a year-over-year basis. Research analysts forecast that Beazer Homes USA, Inc. will post 4.61 earnings per share for the current year.

Insider Buying and Selling at Beazer Homes USA

In other news, EVP Keith L. Belknap, Jr. sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were 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 of the company’s stock, valued at approximately $5,543,635.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. StockNews.com cut Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Wedbush reaffirmed a “neutral” rating and set a $33.00 target price on shares of Beazer Homes USA in a report on Thursday, May 2nd.

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.