State of New Jersey Common Pension Fund D Cuts Stake in Beazer Homes USA, Inc. (BZH)

State of New Jersey Common Pension Fund D cut its position in Beazer Homes USA, Inc. (NYSE:BZH) by 16.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 900,000 shares of the construction company’s stock after selling 180,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Beazer Homes USA were worth $12,348,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in Beazer Homes USA by 12.4% in the first quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock worth $132,000 after buying an additional 1,200 shares during the period. Hancock Holding Co. raised its position in Beazer Homes USA by 18.4% in the first quarter. Hancock Holding Co. now owns 752,708 shares of the construction company’s stock worth $9,130,000 after buying an additional 117,048 shares during the period. Airain ltd acquired a new position in Beazer Homes USA during the first quarter worth $259,000. Karp Capital Management Corp acquired a new position in Beazer Homes USA during the first quarter worth $240,000. Finally, Teza Capital Management LLC acquired a new position in Beazer Homes USA during the first quarter worth $167,000. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of Beazer Homes USA, Inc. (BZH) opened at 15.86 on Thursday. Beazer Homes USA, Inc. has a 52-week low of $9.67 and a 52-week high of $16.26. The stock’s 50 day moving average is $13.80 and its 200 day moving average is $13.07. The stock’s market cap is $507.06 million.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company had revenue of $478.59 million during the quarter, compared to analyst estimates of $470.98 million. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. On average, equities analysts expect that Beazer Homes USA, Inc. will post $0.86 earnings per share for the current fiscal year.

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A number of research analysts have weighed in on the stock. BidaskClub raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Tuesday. Wedbush lowered shares of Beazer Homes USA from an “outperform” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research note on Tuesday. Zacks Investment Research raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, August 3rd. Credit Suisse Group assumed coverage on shares of Beazer Homes USA in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 target price on the stock. Finally, Zelman & Associates raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.13.

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.

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

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