Beazer Homes USA Target of Unusually Large Options Trading (BZH)
Shares of Beazer Homes USA (NYSE:BZH) were the target of some unusual options trading on Tuesday. Investors purchased 3,263 put options on the stock, American Banking and Market News reports. This represents an increase of 420% compared to the typical volume of 628 put options.
In other Beazer Homes USA news, Director Laurent Alpert acquired 2,500 shares of the stock on the open market in a transaction dated Monday, August 4th. The stock was purchased at an average cost of $16.82 per share, for a total transaction of $42,050.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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, 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 analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Beazer Homes USA has an average rating of “Hold” and a consensus price target of $20.00.
Beazer Homes USA (NYSE:BZH) traded down 2.19% during mid-day trading on Tuesday, hitting $16.99. 680,944 shares of the company’s stock traded hands. Beazer Homes USA has a 1-year low of $15.27 and a 1-year high of $25.34. The stock’s 50-day moving average is $18.82 and its 200-day moving average is $19.9. The company’s market cap is $448.9 million.
Beazer Homes USA (NYSE:BZH) last posted its quarterly 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. Analysts expect that Beazer Homes USA will post $0.28 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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