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

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report)'s stock price shot up 6.2% on Tuesday after an insider bought additional shares in the company. The stock traded as high as $22.97 and last traded at $23.20. 58,072 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 439,913 shares. The stock had previously closed at $21.85.

Specifically, Director John J. Kelley III purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $21.50 per share, with a total value of $215,000.00. Following the acquisition, the director now owns 15,917 shares in the company, valued at approximately $342,215.50. This trade represents a 169.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BZH. Oppenheimer reaffirmed an "outperform" rating and set a $33.00 price target (down from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Wedbush reissued an "outperform" rating and set a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $37.00.

Beazer Homes USA Stock Performance

The company has a market capitalization of $686.97 million, a price-to-earnings ratio of 5.77, a price-to-earnings-growth ratio of 0.35 and a beta of 2.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 15.52. The company's fifty day simple moving average is $20.34 and its two-hundred day simple moving average is $25.43.

Beazer Homes USA (NYSE:BZH - Get Free Report) last announced 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. The company had revenue of $565.34 million during the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a net margin of 5.04% and a return on equity of 10.12%. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. Equities research analysts predict that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its position in shares of Beazer Homes USA by 776.2% in the 4th quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after buying an additional 815 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Beazer Homes USA in the 4th quarter worth about $34,000. US Bancorp DE lifted its position in shares of Beazer Homes USA by 48.1% in the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock worth $51,000 after buying an additional 819 shares during the last quarter. Quarry LP bought a new position in shares of Beazer Homes USA in the 4th quarter worth about $69,000. Finally, CWM LLC lifted its position in shares of Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock worth $82,000 after buying an additional 2,391 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

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.