Rhumbline Advisers Sells 18,163 Shares of Beazer Homes USA, Inc. (NYSE:BZH)

Rhumbline Advisers reduced its stake in shares of Beazer Homes USA, Inc. (NYSE:BZH - Free Report) by 28.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,564 shares of the construction company's stock after selling 18,163 shares during the period. Rhumbline Advisers owned 0.15% of Beazer Homes USA worth $929,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC bought a new position in Beazer Homes USA during the fourth quarter valued at about $226,000. Norges Bank bought a new position in shares of Beazer Homes USA in the fourth quarter worth about $4,149,000. Proficio Capital Partners LLC bought a new position in shares of Beazer Homes USA in the fourth quarter worth about $304,000. JPMorgan Chase & Co. increased its stake in shares of Beazer Homes USA by 31.9% in the fourth quarter. JPMorgan Chase & Co. now owns 105,306 shares of the construction company's stock worth $2,892,000 after purchasing an additional 25,484 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Beazer Homes USA by 10.4% in the fourth quarter. Northern Trust Corp now owns 290,695 shares of the construction company's stock worth $7,982,000 after purchasing an additional 27,503 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Insider Activity at Beazer Homes USA

In other news, Director John J. Kelley III purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average cost of $21.50 per share, for a total transaction of $215,000.00. Following the completion of the purchase, the director now directly owns 15,917 shares of the company's stock, valued at approximately $342,215.50. The trade was a 169.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.52% of the company's stock.

Beazer Homes USA Stock Performance

Shares of Beazer Homes USA stock traded up $0.17 during trading on Friday, reaching $21.62. The company's stock had a trading volume of 538,503 shares, compared to its average volume of 392,667. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.96 and a current ratio of 13.07. The business's fifty day moving average price is $20.80 and its 200-day moving average price is $23.36. The firm has a market cap of $655.09 million, a price-to-earnings ratio of 7.00, a price-to-earnings-growth ratio of 0.60 and a beta of 2.09. Beazer Homes USA, Inc. has a one year low of $17.37 and a one year high of $38.22.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.16. Beazer Homes USA had a return on equity of 7.81% and a net margin of 3.91%. The firm had revenue of $565.34 million for the quarter, compared to analyst estimates of $543.60 million. During the same period in the previous year, the company posted $1.26 earnings per share. The company's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BZH shares. Oppenheimer reiterated an "outperform" rating and issued a $33.00 price objective (down from $37.00) on shares of Beazer Homes USA in a research note on Tuesday, April 29th. Wedbush reiterated an "outperform" rating and issued a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $37.00.

Beazer Homes USA 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.