Beazer Homes USA Director Acquires $16,420 in Stock (BZH)
Beazer Homes USA (NYSE:BZH) Director Elizabeth S. Acton acquired 1,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average cost of $16.42 per share, with a total value of $16,420.00. Following the completion of the purchase, the director now directly owns 10,560 shares of the company’s stock, valued at approximately $173,395. The purchase was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on BZH. Analysts at Compass Point reiterated a “buy” rating on shares of Beazer Homes USA in a research note on Friday, August 1st. 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, August 1st. 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.06.
Shares of Beazer Homes USA (NYSE:BZH) traded down 0.37% on Thursday, hitting $16.29. 174,265 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 $19.06 and its 200-day moving average is $20.03. The company’s market cap is $430.4 million.
Beazer Homes USA (NYSE:BZH) last announced its earnings results 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. On average, analysts predict that Beazer Homes USA will post $0.22 earnings per share 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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