Beazer Homes USA, Inc. (BZH) Director Danny R. Shepherd Buys 4,579 Shares of Stock

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Beazer Homes USA, Inc. (NYSE:BZH) Director Danny R. Shepherd purchased 4,579 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average cost of $10.91 per share, with a total value of $49,956.89. Following the purchase, the director now owns 37,680 shares in the company, valued at approximately $411,088.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

BZH traded down $0.15 on Friday, hitting $10.85. The company had a trading volume of 361,718 shares, compared to its average volume of 819,996. Beazer Homes USA, Inc. has a 1-year low of $8.16 and a 1-year high of $20.94. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.41 and a current ratio of 14.79. The firm has a market cap of $368.74 million, a P/E ratio of 5.45 and a beta of 2.50.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Tuesday, November 13th. The construction company reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.21. Beazer Homes USA had a positive return on equity of 12.11% and a negative net margin of 2.15%. The firm had revenue of $761.50 million during the quarter, compared to analyst estimates of $694.80 million. During the same period in the previous year, the company earned $0.94 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, analysts anticipate that Beazer Homes USA, Inc. will post 1.95 earnings per share for the current fiscal year.

Beazer Homes USA announced that its board has authorized a stock buyback program on Tuesday, November 13th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 17.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bailard Inc. lifted its holdings in Beazer Homes USA by 28.2% in the 2nd quarter. Bailard Inc. now owns 42,700 shares of the construction company’s stock worth $630,000 after purchasing an additional 9,400 shares during the last quarter. NJ State Employees Deferred Compensation Plan lifted its holdings in Beazer Homes USA by 70.0% in the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 34,000 shares of the construction company’s stock worth $357,000 after purchasing an additional 14,000 shares during the last quarter. BlackRock Inc. lifted its holdings in Beazer Homes USA by 4.3% in the 2nd quarter. BlackRock Inc. now owns 3,106,146 shares of the construction company’s stock worth $45,815,000 after purchasing an additional 127,639 shares during the last quarter. Northern Trust Corp lifted its holdings in Beazer Homes USA by 1.1% in the 2nd quarter. Northern Trust Corp now owns 839,874 shares of the construction company’s stock worth $12,388,000 after purchasing an additional 9,447 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in Beazer Homes USA by 3.0% in the 2nd quarter. LSV Asset Management now owns 1,640,204 shares of the construction company’s stock worth $24,193,000 after purchasing an additional 47,100 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Several equities research analysts recently commented on BZH shares. Wedbush lowered their price target on Beazer Homes USA from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, September 26th. TheStreet cut Beazer Homes USA from a “c-” rating to a “d+” rating in a research note on Wednesday, November 28th. Zacks Investment Research cut Beazer Homes USA from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Credit Suisse Group lowered their price target on Beazer Homes USA from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, September 26th. Finally, JPMorgan Chase & Co. cut Beazer Homes USA from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $18.00 to $13.00 in a research note on Friday, September 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.50.

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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 brand name. 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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