Stephen P. Zelnak, Jr. Purchases 15,000 Shares of Beazer Homes USA, Inc. (BZH) Stock

Beazer Homes USA, Inc. (NYSE:BZH) Director Stephen P. Zelnak, Jr. acquired 15,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $15.68 per share, for a total transaction of $235,200.00. Following the transaction, the director now directly owns 319,364 shares of the company’s stock, valued at $5,007,627.52. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

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

Several institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in shares of Beazer Homes USA by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 25,938 shares of the construction company’s stock valued at $355,000 after purchasing an additional 318 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Beazer Homes USA by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 115,143 shares of the construction company’s stock valued at $1,580,000 after purchasing an additional 627 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Beazer Homes USA by 0.4% during the second quarter. TIAA CREF Investment Management LLC now owns 392,908 shares of the construction company’s stock valued at $5,391,000 after purchasing an additional 1,721 shares during the period. Voya Investment Management LLC lifted its stake in Beazer Homes USA by 13.0% in the second quarter. Voya Investment Management LLC now owns 17,040 shares of the construction company’s stock worth $234,000 after acquiring an additional 1,963 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Beazer Homes USA by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 155,200 shares of the construction company’s stock worth $2,129,000 after acquiring an additional 2,905 shares during the period. 84.13% of the stock is owned by hedge funds and other institutional investors.

BZH has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Beazer Homes USA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Credit Suisse Group reissued a “neutral” rating and set a $21.00 target price (up from $15.00) on shares of Beazer Homes USA in a research note on Monday, November 20th. ValuEngine raised shares of Beazer Homes USA from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet raised shares of Beazer Homes USA from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. Finally, JMP Securities raised shares of Beazer Homes USA from an “underperform” rating to a “market perform” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.50.

WARNING: “Stephen P. Zelnak, Jr. Purchases 15,000 Shares of Beazer Homes USA, Inc. (BZH) Stock” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/12/stephen-p-zelnak-jr-purchases-15000-shares-of-beazer-homes-usa-inc-bzh-stock.html.

About Beazer Homes USA

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.

Receive News & Ratings for Beazer Homes USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beazer Homes USA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply