David I. Goldberg Sells 6,057 Shares of Beazer Homes USA, Inc. (NYSE:BZH) Stock

Beazer Homes USA, Inc. (NYSE:BZH) CFO David I. Goldberg sold 6,057 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the sale, the chief financial officer now directly owns 131,004 shares of the company’s stock, valued at $4,199,988.24. This represents a 4.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Beazer Homes USA Price Performance

Beazer Homes USA stock opened at $34.63 on Friday. The stock’s 50 day moving average is $32.40 and its 200 day moving average is $30.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 12.42 and a quick ratio of 0.92. The firm has a market cap of $1.08 billion, a P/E ratio of 7.95, a P/E/G ratio of 1.36 and a beta of 2.18. Beazer Homes USA, Inc. has a one year low of $25.48 and a one year high of $38.22.

Analyst Upgrades and Downgrades

BZH has been the subject of several research reports. StockNews.com downgraded Beazer Homes USA from a “hold” rating to a “sell” rating in a report on Monday, August 5th. B. Riley decreased their price target on Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Zelman & Associates reaffirmed an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Finally, Wedbush raised Beazer Homes USA from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $41.00 to $45.00 in a research note on Thursday, September 5th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.67.

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new position in shares of Beazer Homes USA in the second quarter worth approximately $88,000. Metis Global Partners LLC acquired a new position in shares of Beazer Homes USA in the third quarter worth approximately $201,000. Harbor Capital Advisors Inc. lifted its stake in shares of Beazer Homes USA by 10.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company’s stock worth $274,000 after acquiring an additional 967 shares during the period. Creative Planning acquired a new position in shares of Beazer Homes USA in the third quarter worth approximately $286,000. Finally, SG Americas Securities LLC increased its holdings in Beazer Homes USA by 25.1% in the third quarter. SG Americas Securities LLC now owns 10,032 shares of the construction company’s stock worth $343,000 after purchasing an additional 2,014 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.