New York State Common Retirement Fund Sells 714 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

New York State Common Retirement Fund trimmed its holdings in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 owned 0.14% of Beazer Homes USA worth $1,465,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Beazer Homes USA during the 4th quarter valued at $24,971,000. Vanguard Group Inc. raised its position in Beazer Homes USA by 31.2% in the third quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after acquiring an additional 521,596 shares during the period. Invesco Ltd. boosted its stake in Beazer Homes USA by 152.0% in the third quarter. Invesco Ltd. now owns 485,318 shares of the construction company’s stock valued at $12,089,000 after acquiring an additional 292,706 shares during the last quarter. Quantedge Capital Pte Ltd grew its position in shares of Beazer Homes USA by 792.0% during the 3rd quarter. Quantedge Capital Pte Ltd now owns 256,900 shares of the construction company’s stock valued at $6,399,000 after acquiring an additional 228,100 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Beazer Homes USA by 3,734.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 200,802 shares of the construction company’s stock worth $5,002,000 after purchasing an additional 195,565 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Beazer Homes USA Stock Down 0.1 %

BZH opened at $28.70 on Friday. Beazer Homes USA, Inc. has a 12 month low of $20.04 and a 12 month high of $35.93. The company has a market cap of $905.40 million, a PE ratio of 5.54 and a beta of 2.25. The company has a current ratio of 13.50, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The company has a 50 day moving average of $29.63 and a 200 day moving average of $29.66.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Wednesday, May 1st. The construction company reported $1.26 EPS for the quarter, topping 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 firm had revenue of $541.50 million during the quarter, compared to analyst estimates of $569.88 million. During the same period last year, the company earned $1.13 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. On average, sell-side analysts expect that Beazer Homes USA, Inc. will post 4.61 EPS 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 stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $28.31, for a total value of $424,650.00. Following the sale, the executive vice president now directly owns 195,819 shares of the company’s stock, valued at $5,543,635.89. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.99% of the company’s stock.

Wall Street Analyst Weigh In

BZH has been the topic of several research analyst reports. StockNews.com downgraded Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Wedbush reiterated a “neutral” rating and set a $33.00 price target on shares of Beazer Homes USA in a research note on Thursday, May 2nd.

Beazer Homes USA Company Profile

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.