Beazer Homes USA, Inc. (NYSE:BZH) Holdings Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in Beazer Homes USA, Inc. (NYSE:BZH) by 0.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 120,093 shares of the construction company’s stock after selling 486 shares during the period. Russell Investments Group Ltd. owned approximately 0.38% of Beazer Homes USA worth $1,648,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Beazer Homes USA in the first quarter valued at $114,000. Nordea Investment Management AB raised its stake in shares of 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 valued at $132,000 after acquiring an additional 1,200 shares in the last quarter. Teza Capital Management LLC acquired a new stake in shares of Beazer Homes USA in the first quarter valued at $167,000. Quantbot Technologies LP acquired a new stake in shares of Beazer Homes USA in the first quarter valued at $213,000. Finally, American International Group Inc. raised its stake in shares of Beazer Homes USA by 7.1% in the first 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. Institutional investors own 80.78% of the company’s stock.

Shares of Beazer Homes USA, Inc. (BZH) traded up 11.64% during mid-day trading on Thursday, hitting $16.78. 914,008 shares of the stock traded hands. The company’s market cap is $536.47 million. The stock has a 50-day moving average of $15.06 and a 200-day moving average of $13.37. Beazer Homes USA, Inc. has a 52 week low of $9.67 and a 52 week high of $16.79.

Beazer Homes USA (NYSE:BZH) last posted 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. Beazer Homes USA had a negative net margin of 0.14% and a positive return on equity of 3.01%. The business had revenue of $478.59 million during the quarter, compared to analysts’ expectations of $470.98 million. During the same quarter in the prior year, the business posted $0.18 earnings per share. Beazer Homes USA’s revenue was up 4.1% compared to the same quarter last year. Analysts anticipate that Beazer Homes USA, Inc. will post $0.86 EPS for the current year.

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Several equities analysts have issued reports on BZH shares. Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $12.31 to $15.00 in a report on Thursday, June 15th. Credit Suisse Group assumed coverage on shares of Beazer Homes USA in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $13.00 price objective for the company. ValuEngine downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. J P Morgan Chase & Co upgraded shares of Beazer Homes USA from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $14.50 to $21.00 in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.50.

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.

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

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