Brian C. Beazer Purchases 5,000 Shares of Beazer Homes USA Inc. (BZH) Stock
Beazer Homes USA Inc. (NYSE:BZH) Director Brian C. Beazer acquired 5,000 shares of the stock in a transaction that occurred on Thursday, November 17th. The shares were acquired at an average cost of $12.48 per share, with a total value of $62,400.00. Following the transaction, the director now owns 69,015 shares in the company, valued at $861,307.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Beazer Homes USA Inc. (NYSE:BZH) opened at 13.00 on Tuesday. The firm has a market capitalization of $413.60 million, a price-to-earnings ratio of 90.28 and a beta of 2.88. The stock has a 50 day moving average of $11.12 and a 200-day moving average of $9.70. Beazer Homes USA Inc. has a 52 week low of $6.07 and a 52 week high of $14.81.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Tuesday, November 15th. The company reported ($0.03) earnings per share 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 company earned $632.10 million during the quarter, compared to the consensus estimate of $637.02 million. During the same period last year, the company earned $0.97 earnings per share. Beazer Homes USA’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that Beazer Homes USA Inc. will post $0.96 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Beazer Homes USA during the third quarter worth $4,182,000. Verition Fund Management LLC acquired a new position in shares of Beazer Homes USA during the third quarter worth about $143,000. The Manufacturers Life Insurance Company acquired a new position in shares of Beazer Homes USA during the third quarter worth about $267,000. UBS Group AG boosted its position in shares of Beazer Homes USA by 223.7% in the third quarter. UBS Group AG now owns 145,179 shares of the company’s stock worth $1,693,000 after buying an additional 100,327 shares in the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of Beazer Homes USA during the third quarter worth about $424,000. 91.42% of the stock is owned by hedge funds and other institutional investors.
Separately, FBN Securities lowered shares of Beazer Homes USA from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $13.50 to $11.50 in a research note on Monday, October 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.05.
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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