Beazer Homes USA (NYSE:BZH) Shares Up 6.2% After Insider Buying Activity

Beazer Homes USA, Inc. (NYSE:BZH) shares were up 6.2% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $22.97 and last traded at $23.20. Approximately 58,072 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 439,913 shares. The stock had previously closed at $21.85.

Specifically, Director John J. Kelley III acquired 10,000 shares of Beazer Homes USA stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of $21.50 per share, with a total value of $215,000.00. Following the purchase, the director now directly owns 15,917 shares in the company, valued at $342,215.50. The trade was a 169.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Analyst Ratings Changes

Several brokerages have recently commented on BZH. Wedbush reaffirmed an “outperform” rating and set a $41.00 target price (down from $45.00) on shares of Beazer Homes USA in a report on Friday, May 2nd. Oppenheimer restated an “outperform” rating and set a $33.00 price objective (down previously from $37.00) on shares of Beazer Homes USA in a report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Beazer Homes USA has a consensus rating of “Hold” and an average target price of $37.00.

Beazer Homes USA Stock Down 5.7%

The firm has a market cap of $666.97 million, a PE ratio of 5.60, a P/E/G ratio of 0.35 and a beta of 2.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 15.52 and a quick ratio of 1.25. The business has a fifty day moving average price of $20.34 and a two-hundred day moving average price of $25.59.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.16. The company had revenue of $565.34 million for the quarter, compared to the consensus estimate of $543.60 million. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. On average, analysts anticipate that Beazer Homes USA, Inc. will post 3.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Beazer Homes USA

A number of hedge funds have recently modified their holdings of the stock. Focus Financial Network Inc. acquired a new stake in Beazer Homes USA during the fourth quarter valued at $275,000. Ritholtz Wealth Management raised its stake in shares of Beazer Homes USA by 26.4% during the 4th quarter. Ritholtz Wealth Management now owns 25,082 shares of the construction company’s stock worth $689,000 after purchasing an additional 5,235 shares in the last quarter. Norges Bank purchased a new stake in shares of Beazer Homes USA during the 4th quarter worth about $4,149,000. Proficio Capital Partners LLC acquired a new stake in shares of Beazer Homes USA during the 4th quarter valued at about $304,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Beazer Homes USA by 31.9% in the 4th quarter. JPMorgan Chase & Co. now owns 105,306 shares of the construction company’s stock valued at $2,892,000 after buying an additional 25,484 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

About Beazer Homes USA

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.