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

Beazer Homes USA, Inc. (NYSE:BZH) traded 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. 58,072 shares changed hands during trading, a decline of 87% from the average session volume of 439,913 shares. The stock had previously closed at $21.85.

Specifically, Director John J. Kelley III bought 10,000 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $21.50 per share, with a total value of $215,000.00. Following the acquisition, the director now directly owns 15,917 shares of the company’s stock, valued at $342,215.50. This represents a 169.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Analysts Set New Price Targets

A number of brokerages have commented on BZH. Wedbush reiterated an “outperform” rating and issued a $41.00 price objective (down previously from $45.00) on shares of Beazer Homes USA in a research report on Friday, May 2nd. Oppenheimer reiterated an “outperform” rating and issued a $33.00 price objective (down previously from $37.00) on shares of Beazer Homes USA in a research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.00.

Beazer Homes USA Price Performance

The company has a 50 day moving average price of $20.36 and a 200 day moving average price of $25.63. The company has a market capitalization of $719.54 million, a price-to-earnings ratio of 6.03, a PEG ratio of 0.35 and a beta of 2.20. The company has a current ratio of 15.52, a quick ratio of 1.25 and a debt-to-equity ratio of 0.87.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings data on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.16. Beazer Homes USA had a return on equity of 10.12% and a net margin of 5.04%. The business had revenue of $565.34 million during the quarter, compared to analysts’ expectations of $543.60 million. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Hedge Funds Weigh In On Beazer Homes USA

A number of large investors have recently modified their holdings of the business. Nuveen LLC acquired a new position in shares of Beazer Homes USA during the 1st quarter worth about $1,651,000. Koss Olinger Consulting LLC raised its holdings in Beazer Homes USA by 22.4% in the 1st quarter. Koss Olinger Consulting LLC now owns 23,205 shares of the construction company’s stock valued at $473,000 after acquiring an additional 4,254 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Beazer Homes USA by 11.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 345,613 shares of the construction company’s stock worth $7,047,000 after purchasing an additional 35,901 shares during the period. Vanguard Group Inc. increased its holdings in shares of Beazer Homes USA by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,836,033 shares of the construction company’s stock worth $37,437,000 after purchasing an additional 7,475 shares during the period. Finally, Atria Wealth Solutions Inc. increased its holdings in shares of Beazer Homes USA by 297.4% during the first quarter. Atria Wealth Solutions Inc. now owns 54,935 shares of the construction company’s stock worth $1,120,000 after purchasing an additional 41,112 shares during the period. 85.65% of the stock is currently 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.