Beazer Homes USA Inc. (BZH) Director Buys $38,970.00 in Stock
Beazer Homes USA Inc. (NYSE:BZH) Director Brian C. Beazer purchased 3,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were purchased at an average cost of $12.99 per share, with a total value of $38,970.00. Following the completion of the purchase, the director now directly owns 69,015 shares in the company, valued at $896,504.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Beazer Homes USA Inc. (NYSE:BZH) traded down 2.91% on Monday, hitting $13.00. The company had a trading volume of 1,023,941 shares. The firm has a market capitalization of $413.60 million, a P/E ratio of 90.28 and a beta of 2.88. Beazer Homes USA Inc. has a 12-month low of $6.07 and a 12-month high of $14.81. The firm has a 50 day moving average of $11.12 and a 200-day moving average of $9.70.
Beazer Homes USA (NYSE:BZH) last posted its earnings results on Tuesday, November 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by $0.70. Beazer Homes USA had a net margin of 0.26% and a return on equity of 3.83%. The business earned $632.10 million during the quarter, compared to analyst estimates of $637.02 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities analysts predict that Beazer Homes USA Inc. will post $0.96 EPS for the current year.
Separately, FBN Securities downgraded Beazer Homes USA from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $13.50 to $11.50 in a research note on Monday, October 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.05.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP boosted its position in Beazer Homes USA by 10.4% in the second quarter. Royce & Associates LP now owns 1,423,079 shares of the company’s stock valued at $11,029,000 after buying an additional 133,900 shares in the last quarter. Brandes Investment Partners LP boosted its position in Beazer Homes USA by 3.6% in the second quarter. Brandes Investment Partners LP now owns 1,268,168 shares of the company’s stock valued at $9,828,000 after buying an additional 44,260 shares in the last quarter. LSV Asset Management boosted its position in Beazer Homes USA by 1,926.9% in the third quarter. LSV Asset Management now owns 1,173,577 shares of the company’s stock valued at $13,683,000 after buying an additional 1,115,677 shares in the last quarter. Northern Trust Corp boosted its position in Beazer Homes USA by 17.6% in the third quarter. Northern Trust Corp now owns 881,086 shares of the company’s stock valued at $10,274,000 after buying an additional 132,165 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Beazer Homes USA by 67.2% in the second quarter. AQR Capital Management LLC now owns 867,650 shares of the company’s stock valued at $6,724,000 after buying an additional 348,627 shares in the last quarter. 91.42% of the stock is owned by hedge funds and other institutional investors.
Beazer Homes USA Company Profile
Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.
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