Beazer Homes USA, Inc. (NYSE:BZH) EVP Keith L. Belknap, Jr. Sells 13,462 Shares

Beazer Homes USA, Inc. (NYSE:BZH) EVP Keith L. Belknap, Jr. sold 13,462 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $30.73, for a total transaction of $413,687.26. Following the transaction, the executive vice president now owns 164,119 shares in the company, valued at approximately $5,043,376.87. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Beazer Homes USA Stock Performance

Shares of Beazer Homes USA stock traded up $2.00 during trading hours on Tuesday, reaching $33.03. The company had a trading volume of 764,938 shares, compared to its average volume of 356,732. Beazer Homes USA, Inc. has a one year low of $22.03 and a one year high of $35.93. The business has a fifty day simple moving average of $28.06 and a 200 day simple moving average of $29.53. 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 firm has a market cap of $1.04 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 1.33 and a beta of 2.16.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Wednesday, May 1st. The construction company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.35. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The company had revenue of $541.50 million during the quarter, compared to analyst estimates of $569.88 million. During the same quarter last year, the company earned $1.13 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Beazer Homes USA, Inc. will post 4.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BZH. StockNews.com raised shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 4th. Oppenheimer assumed coverage on Beazer Homes USA in a research report on Friday, May 31st. They issued an “outperform” rating and a $37.00 price target on the stock. Finally, Wedbush restated a “neutral” rating and set a $33.00 target price on shares of Beazer Homes USA in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Beazer Homes USA currently has an average rating of “Moderate Buy” and a consensus price target of $36.00.

Institutional Trading of Beazer Homes USA

Large investors have recently modified their holdings of the business. Donald Smith & CO. Inc. boosted its position in Beazer Homes USA by 13.8% during the 1st quarter. Donald Smith & CO. Inc. now owns 2,943,211 shares of the construction company’s stock valued at $96,537,000 after acquiring an additional 356,569 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Beazer Homes USA by 31.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after buying an additional 521,596 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new stake in shares of Beazer Homes USA in the 4th quarter worth approximately $24,971,000. Charles Schwab Investment Management Inc. lifted its position in Beazer Homes USA by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 589,533 shares of the construction company’s stock valued at $19,920,000 after acquiring an additional 22,669 shares in the last quarter. Finally, Boston Partners bought a new position in Beazer Homes USA in the 1st quarter valued at approximately $15,411,000. 85.65% of the stock is owned by institutional investors.

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.