Beazer Homes USA, Inc. (BZH) Director Buys $469,500.00 in Stock

Beazer Homes USA, Inc. (NYSE:BZH) Director Stephen P. Zelnak, Jr. bought 30,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $15.65 per share, for a total transaction of $469,500.00. Following the acquisition, the director now owns 319,364 shares of the company’s stock, valued at approximately $4,998,046.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Beazer Homes USA, Inc. (NYSE:BZH) traded up $0.66 during trading hours on Monday, hitting $15.91. The stock had a trading volume of 871,599 shares, compared to its average volume of 715,945. The firm has a market capitalization of $512.68, a price-to-earnings ratio of -5.16 and a beta of 2.54. The company has a debt-to-equity ratio of 2.40, a quick ratio of 2.27 and a current ratio of 18.95. Beazer Homes USA, Inc. has a 1-year low of $11.18 and a 1-year high of $23.24.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Tuesday, November 14th. The construction company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.50. Beazer Homes USA had a positive return on equity of 7.99% and a negative net margin of 5.01%. The firm had revenue of $673.00 million for the quarter, compared to analyst estimates of $645.17 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. Beazer Homes USA’s quarterly revenue was up 6.5% on a year-over-year basis. analysts expect that Beazer Homes USA, Inc. will post 1.75 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in BZH. JPMorgan Chase & Co. grew its holdings in Beazer Homes USA by 141.8% during the third quarter. JPMorgan Chase & Co. now owns 2,474,859 shares of the construction company’s stock worth $45,587,000 after acquiring an additional 1,451,175 shares during the period. Acadian Asset Management LLC grew its holdings in Beazer Homes USA by 158.1% during the fourth quarter. Acadian Asset Management LLC now owns 671,470 shares of the construction company’s stock worth $12,897,000 after acquiring an additional 411,286 shares during the period. Chicago Equity Partners LLC grew its holdings in Beazer Homes USA by 213.5% during the third quarter. Chicago Equity Partners LLC now owns 393,790 shares of the construction company’s stock worth $7,380,000 after acquiring an additional 268,172 shares during the period. Dimensional Fund Advisors LP grew its holdings in Beazer Homes USA by 55.6% during the third quarter. Dimensional Fund Advisors LP now owns 651,056 shares of the construction company’s stock worth $12,200,000 after acquiring an additional 232,516 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Beazer Homes USA by 511.1% during the third quarter. Prudential Financial Inc. now owns 263,863 shares of the construction company’s stock worth $4,945,000 after acquiring an additional 220,683 shares during the period. 84.13% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on BZH. JMP Securities raised Beazer Homes USA from an “underperform” rating to a “market perform” rating in a report on Monday. TheStreet lowered Beazer Homes USA from a “b-” rating to a “c-” rating in a report on Wednesday, February 7th. ValuEngine raised Beazer Homes USA from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a report on Monday, November 20th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $21.00 target price (up previously from $15.00) on shares of Beazer Homes USA in a report on Monday, November 20th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.50.

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Beazer Homes USA Company Profile

Beazer Homes USA, Inc is a geographically diversified homebuilder. As of September 30, 2016, the Company had operations in 13 states within over three geographic regions in the United States. The Company’s segments include West, East and Southeast. The Company markets and sells its products through its Website, www.beazer.com; mobile site, m.beazer.com; real estate listing sites, online advertising, including search engine marketing and display advertising, social media, video, brochures, direct marketing and out-of-home advertising, including billboards and signage, as well as other activities.

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