Beazer Homes USA, Inc. (NYSE:BZH) Director John J. Kelley III Purchases 10,000 Shares

Beazer Homes USA, Inc. (NYSE:BZH) Director John J. Kelley III purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was bought at an average price of $21.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the director now directly owns 15,917 shares in the company, valued at approximately $342,215.50. The trade was a 169.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Beazer Homes USA Trading Down 5.7%

BZH stock opened at $22.01 on Thursday. Beazer Homes USA, Inc. has a 1-year low of $17.37 and a 1-year high of $38.22. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $20.34 and its 200-day moving average is $25.59. The firm has a market cap of $666.97 million, a P/E ratio of 5.60, a P/E/G ratio of 0.35 and a beta of 2.20.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The firm had revenue of $565.34 million for the quarter, compared to analysts’ expectations of $543.60 million. During the same period in the prior year, the business posted $1.26 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in Beazer Homes USA by 776.2% during the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company’s stock valued at $25,000 after purchasing an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Beazer Homes USA in the fourth quarter valued at approximately $34,000. US Bancorp DE boosted its holdings in shares of Beazer Homes USA by 48.1% in the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company’s stock worth $51,000 after acquiring an additional 819 shares in the last quarter. Quarry LP acquired a new position in shares of Beazer Homes USA in the 4th quarter worth approximately $69,000. Finally, CWM LLC grew its position in Beazer Homes USA by 148.4% during the 1st quarter. CWM LLC now owns 4,002 shares of the construction company’s stock worth $82,000 after acquiring an additional 2,391 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on BZH. Wedbush reiterated an “outperform” rating and issued a $41.00 target price (down previously from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 price target (down previously from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, Beazer Homes USA currently has a consensus rating of “Hold” and a consensus target price of $37.00.

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.