Beazer Homes USA, Inc. (NYSE:BZH) Director Acquires $215,000.00 in Stock

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) Director John J. Kelley III purchased 10,000 shares of Beazer Homes USA stock in a transaction dated 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 purchase, the director now owns 15,917 shares in the company, valued at $342,215.50. This represents a 169.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Beazer Homes USA Trading Up 1.8%

NYSE BZH traded up $0.39 on Friday, reaching $22.67. The company had a trading volume of 284,126 shares, compared to its average volume of 394,453. The firm has a market cap of $686.97 million, a price-to-earnings ratio of 5.77, a P/E/G ratio of 0.35 and a beta of 2.20. Beazer Homes USA, Inc. has a fifty-two week low of $17.37 and a fifty-two week high of $38.22. The business has a 50 day moving average of $20.34 and a two-hundred day moving average of $25.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, topping 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 company had revenue of $565.34 million for the quarter, compared to analyst estimates of $543.60 million. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Mill Road Capital Management LLC grew its stake in Beazer Homes USA by 81.0% during the fourth quarter. Mill Road Capital Management LLC now owns 666,058 shares of the construction company's stock worth $18,290,000 after purchasing an additional 297,989 shares during the period. Norges Bank acquired a new position in shares of Beazer Homes USA during the 4th quarter valued at $4,149,000. Algert Global LLC boosted its stake in Beazer Homes USA by 582.0% during the fourth quarter. Algert Global LLC now owns 160,008 shares of the construction company's stock worth $4,394,000 after acquiring an additional 136,548 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Beazer Homes USA in the first quarter worth $2,210,000. Finally, Denali Advisors LLC increased its stake in Beazer Homes USA by 198.5% in the first quarter. Denali Advisors LLC now owns 147,777 shares of the construction company's stock valued at $3,013,000 after purchasing an additional 98,277 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wedbush reaffirmed an "outperform" rating and set 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 restated an "outperform" rating and set a $33.00 price objective (down previously from $37.00) on shares of Beazer Homes USA in a research 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's stock. According to MarketBeat.com, Beazer Homes USA has a consensus rating of "Hold" and an average price target 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.