Several other equities analysts have also recently weighed in on the company. Wedbush reaffirmed an outperform rating and set a $17.00 target price on shares of Beazer Homes USA in a research note on Thursday, November 14th. Zacks Investment Research cut Beazer Homes USA from a buy rating to a hold rating in a research note on Friday, November 15th.
Shares of BZH opened at $15.07 on Friday. The business’s 50-day moving average price is $14.81 and its 200 day moving average price is $13.54. The stock has a market capitalization of $465.68 million, a P/E ratio of 11.87 and a beta of 2.33. Beazer Homes USA has a 1-year low of $8.89 and a 1-year high of $16.70. The company has a current ratio of 12.65, a quick ratio of 1.18 and a debt-to-equity ratio of 2.19.
Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Wednesday, November 13th. The construction company reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.43). The company had revenue of $773.00 million during the quarter, compared to analysts’ expectations of $777.55 million. Beazer Homes USA had a positive return on equity of 8.85% and a negative net margin of 3.81%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. On average, research analysts predict that Beazer Homes USA will post 2.03 earnings per share for the current year.
In other Beazer Homes USA news, CFO Robert L. Salomon sold 20,392 shares of Beazer Homes USA stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $15.61, for a total transaction of $318,319.12. Following the transaction, the chief financial officer now owns 270,745 shares of the company’s stock, valued at approximately $4,226,329.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert L. Salomon sold 10,000 shares of Beazer Homes USA stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $14.99, for a total value of $149,900.00. Following the transaction, the chief financial officer now directly owns 275,461 shares in the company, valued at approximately $4,129,160.39. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its stake in Beazer Homes USA by 96.3% during the 2nd quarter. Bank of Montreal Can now owns 5,121 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2,512 shares in the last quarter. Bailard Inc. purchased a new position in Beazer Homes USA during the 3rd quarter valued at about $155,000. Hancock Whitney Corp purchased a new position in Beazer Homes USA during the 3rd quarter valued at about $158,000. United Services Automobile Association grew its stake in Beazer Homes USA by 10.8% during the 2nd quarter. United Services Automobile Association now owns 23,462 shares of the construction company’s stock valued at $225,000 after acquiring an additional 2,292 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Beazer Homes USA during the 3rd quarter valued at about $242,000. 82.28% of the stock is currently owned by institutional investors.
About Beazer Homes USA
Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes, Gatherings, and Choice Plans names. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.
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