Keith L. Belknap, Jr. Sells 15,000 Shares of Beazer Homes USA, Inc. (NYSE:BZH) Stock

Beazer Homes USA, Inc. (NYSE:BZH) EVP Keith L. Belknap, Jr. sold 15,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $28.31, for a total transaction of $424,650.00. Following the transaction, the executive vice president now owns 195,819 shares of the company’s stock, valued at $5,543,635.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Beazer Homes USA Trading Down 0.1 %

NYSE BZH opened at $28.70 on Friday. Beazer Homes USA, Inc. has a one year low of $20.04 and a one year high of $35.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 13.50 and a quick ratio of 1.30. The business has a 50 day simple moving average of $29.63 and a 200 day simple moving average of $29.66. The stock has a market capitalization of $905.40 million, a P/E ratio of 5.54 and a beta of 2.25.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.35. The company had revenue of $541.50 million during the quarter, compared to analyst estimates of $569.88 million. Beazer Homes USA had a net margin of 7.48% and a return on equity of 13.97%. Beazer Homes USA’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.13 EPS. Research analysts expect that Beazer Homes USA, Inc. will post 4.61 earnings per share for the current year.

Wall Street Analyst Weigh In

BZH has been the topic of a number of research reports. StockNews.com lowered Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Wedbush reaffirmed a “neutral” rating and issued a $33.00 price objective on shares of Beazer Homes USA in a research note on Thursday, May 2nd.

Hedge Funds Weigh In On Beazer Homes USA

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in Beazer Homes USA by 60.5% in the third quarter. American Century Companies Inc. now owns 434,648 shares of the construction company’s stock worth $10,827,000 after purchasing an additional 163,760 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in shares of Beazer Homes USA by 58.9% in the 4th quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock worth $87,403,000 after buying an additional 958,814 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Beazer Homes USA in the 4th quarter worth about $24,971,000. Campbell & CO Investment Adviser LLC bought a new position in Beazer Homes USA during the third quarter valued at about $802,000. Finally, Lazard Asset Management LLC increased its holdings in Beazer Homes USA by 207.9% during the third quarter. Lazard Asset Management LLC now owns 42,408 shares of the construction company’s stock worth $1,055,000 after buying an additional 28,634 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.