Insider Buying: Brian C. Beazer Purchases 10,000 Shares of Beazer Homes USA Stock (BZH)
Beazer Homes USA (NYSE:BZH) Director Brian C. Beazer acquired 10,000 shares of Beazer Homes USA stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $16.05 per share, for a total transaction of $160,500.00. Following the transaction, the director now directly owns 63,425 shares of the company’s stock, valued at approximately $1,017,971. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $21.06.
Beazer Homes USA (NYSE:BZH) traded up 3.87% on Monday, hitting $16.89. The stock had a trading volume of 343,481 shares. Beazer Homes USA has a 52 week low of $15.27 and a 52 week high of $25.34. The stock has a 50-day moving average of $19.29 and a 200-day moving average of $20.19. The company’s market cap is $446.3 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.
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