Beazer Homes USA (NYSE:BZH) Trading 6.2% Higher After Insider Buying Activity

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report)'s share price rose 6.2% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as $22.97 and last traded at $23.20. Approximately 58,072 shares were traded during trading, a decline of 87% from the average daily volume of 439,913 shares. The stock had previously closed at $21.85.

Specifically, Director John J. Kelley III purchased 10,000 shares of Beazer Homes USA stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost of $21.50 per share, for a total transaction of $215,000.00. Following the transaction, the director now directly owns 15,917 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

BZH has been the topic of several recent research reports. Oppenheimer restated an "outperform" rating and set a $33.00 price target (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Wedbush restated an "outperform" rating and set a $41.00 price target (down from $45.00) on shares of Beazer Homes USA in a research report on Friday, May 2nd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $37.00.

Beazer Homes USA Trading Up 0.6%

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 firm has a fifty day simple moving average of $20.33 and a two-hundred day simple moving average of $25.53. The firm has a market cap of $679.24 million, a PE ratio of 5.71, a PEG ratio of 0.35 and a beta of 2.20.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in shares of Beazer Homes USA by 35.5% in the 1st quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company's stock valued at $4,055,000 after purchasing an additional 52,062 shares during the period. Royal Bank of Canada lifted its stake in shares of Beazer Homes USA by 1.8% in the 1st quarter. Royal Bank of Canada now owns 73,915 shares of the construction company's stock valued at $1,507,000 after purchasing an additional 1,279 shares during the period. Graham Capital Management L.P. purchased a new position in shares of Beazer Homes USA in the 1st quarter valued at approximately $575,000. Rafferty Asset Management LLC lifted its stake in shares of Beazer Homes USA by 5.9% in the 1st quarter. Rafferty Asset Management LLC now owns 20,419 shares of the construction company's stock valued at $416,000 after purchasing an additional 1,140 shares during the period. Finally, Penn Capital Management Company LLC purchased a new position in Beazer Homes USA during the first quarter valued at $698,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

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.