Insider Buying: Beazer Homes USA, Inc. (BZH) Director Purchases 30,000 Shares of Stock
Beazer Homes USA, Inc. (NYSE:BZH) Director Stephen P. Zelnak, Jr. bought 30,000 shares of Beazer Homes USA stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $15.65 per share, with a total value of $469,500.00. Following the completion of the acquisition, the director now directly owns 319,364 shares of the company’s stock, valued at approximately $4,998,046.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Beazer Homes USA, Inc. (NYSE BZH) opened at $15.91 on Tuesday. The company has a market cap of $534.86, a PE ratio of -5.15 and a beta of 2.54. The company has a quick ratio of 2.27, a current ratio of 18.95 and a debt-to-equity ratio of 2.40. Beazer Homes USA, Inc. has a fifty-two week low of $11.18 and a fifty-two week high of $23.24.
Beazer Homes USA (NYSE:BZH) last announced its earnings results on Tuesday, November 14th. The construction company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.50. The business had revenue of $673.00 million during the quarter, compared to the consensus estimate of $645.17 million. Beazer Homes USA had a negative net margin of 5.01% and a positive return on equity of 7.99%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. equities analysts predict that Beazer Homes USA, Inc. will post 1.75 EPS for the current fiscal year.
A number of equities analysts have commented on BZH shares. Zacks Investment Research downgraded shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet upgraded shares of Beazer Homes USA from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. Credit Suisse Group reiterated a “neutral” rating and issued a $21.00 target price (up from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. ValuEngine upgraded shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, JMP Securities upgraded shares of Beazer Homes USA from an “underperform” rating to a “market perform” rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $18.50.
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About Beazer Homes USA
Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.
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