Insider Buying: Beazer Homes USA Director Acquires 2,500 Shares of Stock (BZH)
Beazer Homes USA (NYSE:BZH) Director Laurent Alpert purchased 2,500 shares of Beazer Homes USA stock on the open market in a transaction that occurred on Monday, August 4th. The stock was purchased at an average price of $16.82 per share, for a total transaction of $42,050.00. Following the acquisition, the director now directly owns 20,340 shares of the company’s stock, valued at approximately $342,119. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
BZH has been the subject of a number of recent research reports. Analysts at Compass Point reiterated a “buy” rating on shares of Beazer Homes USA in a research note on Friday. They now have a $25.00 price target on the stock, up previously from $21.50. Separately, analysts at Sterne Agee upgraded shares of Beazer Homes USA from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $22.00 price target on the stock, down previously from $23.00. Finally, analysts at Sterne Agee downgraded shares of Beazer Homes USA from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $22.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $21.06.
Beazer Homes USA (NYSE:BZH) traded up 3.26% during mid-day trading on Monday, hitting $16.79. 1,231,170 shares of the company’s stock traded hands. Beazer Homes USA has a 52 week low of $15.27 and a 52 week high of $25.34. The stock’s 50-day moving average is $19.29 and its 200-day moving average is $20.19. The company’s market cap is $443.6 million.
Beazer Homes USA (NYSE:BZH) last released its earnings data on Thursday, July 31st. The company reported ($0.47) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.69. The company had revenue of $354.67 million for the quarter, compared to the consensus estimate of $360.13 million. During the same quarter last year, the company posted ($0.22) earnings per share. Beazer Homes USA’s revenue was up 12.8% compared to the same quarter last year. Analysts expect that Beazer Homes USA will post $0.15 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.