Shares of Beazer Homes USA Inc. (NYSE:BZH) were up 5% on Friday . The stock traded as high as $8.46 and last traded at $8.38, with a volume of 337,429 shares changing hands. The stock had previously closed at $7.98.

The stock has a market cap of $265.93 million and a price-to-earnings ratio of 0.78. The firm’s 50 day moving average is $7.68 and its 200-day moving average is $8.41.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, April 28th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.06. During the same quarter last year, the company earned ($0.08) EPS. The firm had revenue of $385.60 million for the quarter, compared to analysts’ expectations of $382.87 million. The company’s quarterly revenue was up 28.8% on a year-over-year basis. Equities analysts anticipate that Beazer Homes USA Inc. will post $0.67 earnings per share for the current year.

In other Beazer Homes USA news, CEO Allan P. Merrill bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average cost of $7.53 per share, for a total transaction of $37,650.00. Following the transaction, the chief executive officer now owns 456,675 shares of the company’s stock, valued at $3,438,762.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen P. Zelnak, Jr. bought 55,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were acquired at an average price of $7.25 per share, for a total transaction of $398,750.00. Following the completion of the transaction, the director now directly owns 166,920 shares in the company, valued at approximately $1,210,170. The disclosure for this purchase can be found here.

Several hedge funds have made changes to their positions in BZH. Brandes Investment Partners LP boosted its stake in shares of Beazer Homes USA by 247.0% in the fourth quarter. Brandes Investment Partners LP now owns 664,486 shares of the company’s stock valued at $7,635,000 after buying an additional 473,002 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Beazer Homes USA by 7.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,400,000 shares of the company’s stock valued at $16,086,000 after buying an additional 100,000 shares in the last quarter. Royce & Associates LLC boosted its stake in shares of Beazer Homes USA by 16.1% in the fourth quarter. Royce & Associates LLC now owns 806,075 shares of the company’s stock valued at $9,262,000 after buying an additional 111,500 shares in the last quarter. Winslow Asset Management Inc. boosted its stake in shares of Beazer Homes USA by 1.9% in the fourth quarter. Winslow Asset Management Inc. now owns 117,505 shares of the company’s stock valued at $1,350,000 after buying an additional 2,175 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in shares of Beazer Homes USA by 28.5% in the fourth quarter. New York State Common Retirement Fund now owns 277,512 shares of the company’s stock valued at $3,189,000 after buying an additional 61,628 shares in the last quarter.

Beazer Homes USA, Inc is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West, East and Southeast. The Company’s homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction.

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