Beazer Homes USA Inc. (NYSE:BZH) rose 5% on Friday . The company 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 firm has a market capitalization of $265.93 million and a P/E ratio of 0.78. The firm’s 50 day moving average price is $7.71 and its 200 day moving average price is $8.38.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Thursday, April 28th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by $0.06. The company earned $385.60 million during the quarter, compared to analysts’ expectations of $382.87 million. Beazer Homes USA’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) earnings per share. On average, analysts anticipate that Beazer Homes USA Inc. will post $0.67 earnings per share for the current fiscal year.

In other news, CFO Robert L. Salomon bought 4,500 shares of Beazer Homes USA stock in a transaction that occurred on Thursday, May 5th. The stock was purchased at an average cost of $7.25 per share, with a total value of $32,625.00. Following the completion of the transaction, the chief financial officer now directly owns 160,236 shares in the company, valued at $1,161,711. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen P. Zelnak, Jr. bought 55,000 shares of Beazer Homes USA stock in a transaction that occurred on Thursday, May 5th. The stock was purchased at an average cost of $7.25 per share, with a total value of $398,750.00. Following the completion of the transaction, the director now owns 166,920 shares of the company’s stock, valued at $1,210,170. The disclosure for this purchase can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of BZH. State of New Jersey Common Pension Fund D boosted its position 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 during the period. Royce & Associates LLC boosted its position 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 during the period. Brandes Investment Partners LP boosted its position 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 during the period. New York State Common Retirement Fund boosted its position 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 worth $3,189,000 after buying an additional 61,628 shares during the last quarter. Finally, Winslow Asset Management Inc. boosted its position 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 worth $1,350,000 after buying an additional 2,175 shares during 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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