Numeric Investors LLC lessened its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 68.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 289,946 shares of the construction company’s stock after selling 623,373 shares during the period. Numeric Investors LLC owned about 0.91% of Beazer Homes USA worth $3,978,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BZH. Neuberger Berman Group LLC grew its stake in Beazer Homes USA by 0.8% during the 2nd quarter. Neuberger Berman Group LLC now owns 14,655 shares of the construction company’s stock valued at $201,000 after acquiring an additional 118 shares in the last quarter. Rhumbline Advisers grew its stake in Beazer Homes USA by 1.2% during the 2nd quarter. Rhumbline Advisers now owns 44,068 shares of the construction company’s stock valued at $605,000 after acquiring an additional 523 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in Beazer Homes USA by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock valued at $1,580,000 after acquiring an additional 627 shares in the last quarter. Nordea Investment Management AB grew its stake in Beazer Homes USA by 12.4% during the 1st quarter. Nordea Investment Management AB now owns 10,886 shares of the construction company’s stock valued at $132,000 after acquiring an additional 1,200 shares in the last quarter. Finally, American International Group Inc. grew its stake in Beazer Homes USA by 7.1% during the 1st quarter. American International Group Inc. now owns 19,387 shares of the construction company’s stock valued at $235,000 after acquiring an additional 1,283 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Shares of Beazer Homes USA, Inc. (BZH) opened at 19.71 on Thursday. The company has a 50 day moving average price of $16.46 and a 200 day moving average price of $14.03. Beazer Homes USA, Inc. has a 52 week low of $9.67 and a 52 week high of $19.83. The company’s market cap is $630.15 million.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Tuesday, August 1st. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. Beazer Homes USA had a positive return on equity of 3.01% and a negative net margin of 0.14%. The business had revenue of $478.59 million for the quarter, compared to analyst estimates of $470.98 million. During the same quarter last year, the firm earned $0.18 EPS. Beazer Homes USA’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Beazer Homes USA, Inc. will post $0.81 earnings per share for the current year.

BZH has been the topic of several research analyst reports. BidaskClub raised Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, July 4th. ValuEngine cut Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Wedbush cut 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, August 8th. Finally, Credit Suisse Group initiated coverage on Beazer Homes USA in a research note on Thursday, June 22nd. They set a “neutral” rating and a $13.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $15.50.

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Beazer Homes USA Profile

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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