NJ State Employees Deferred Compensation Plan Raises Position in Beazer Homes USA, Inc. (NYSE:BZH)

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NJ State Employees Deferred Compensation Plan raised its position in shares of Beazer Homes USA, Inc. (NYSE:BZH) by 70.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,000 shares of the construction company’s stock after purchasing an additional 14,000 shares during the quarter. NJ State Employees Deferred Compensation Plan owned 0.10% of Beazer Homes USA worth $357,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BZH. Bailard Inc. increased its position in Beazer Homes USA by 28.2% during the second quarter. Bailard Inc. now owns 42,700 shares of the construction company’s stock valued at $630,000 after acquiring an additional 9,400 shares during the last quarter. BlackRock Inc. increased its position in Beazer Homes USA by 4.3% during the second quarter. BlackRock Inc. now owns 3,106,146 shares of the construction company’s stock valued at $45,815,000 after acquiring an additional 127,639 shares during the last quarter. LSV Asset Management increased its position in Beazer Homes USA by 3.0% during the second quarter. LSV Asset Management now owns 1,640,204 shares of the construction company’s stock valued at $24,193,000 after acquiring an additional 47,100 shares during the last quarter. IndexIQ Advisors LLC increased its position in Beazer Homes USA by 9.0% during the second quarter. IndexIQ Advisors LLC now owns 137,142 shares of the construction company’s stock valued at $2,023,000 after acquiring an additional 11,380 shares during the last quarter. Finally, Northern Trust Corp increased its position in Beazer Homes USA by 1.1% during the second quarter. Northern Trust Corp now owns 839,874 shares of the construction company’s stock valued at $12,388,000 after acquiring an additional 9,447 shares during the last quarter. 86.41% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. Credit Suisse Group lowered their target price on shares of Beazer Homes USA from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, September 26th. Wedbush lowered their target price on shares of Beazer Homes USA from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, September 26th. JPMorgan Chase & Co. lowered shares of Beazer Homes USA from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $13.00 in a research note on Friday, September 21st. Finally, ValuEngine lowered shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.25.

NYSE:BZH traded down $0.16 during mid-day trading on Friday, reaching $8.64. The company’s stock had a trading volume of 362,718 shares, compared to its average volume of 654,977. The firm has a market cap of $306.10 million, a PE ratio of 5.61 and a beta of 2.48. Beazer Homes USA, Inc. has a 1 year low of $8.16 and a 1 year high of $23.24. The company has a debt-to-equity ratio of 2.28, a current ratio of 13.59 and a quick ratio of 1.23.

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About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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

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