Beazer Homes USA Inc. (BZH) Stock Price Down 1%
Beazer Homes USA Inc. (NYSE:BZH)’s share price was down 1% during mid-day trading on Monday . The company traded as low as $8.27 and last traded at $8.28, with a volume of 339,149 shares changing hands. The stock had previously closed at $8.36.
The stock’s 50-day moving average price is $7.74 and its 200 day moving average price is $8.33. The firm has a market cap of $266.57 million and a P/E ratio of 0.78.
Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.06. The firm earned $385.60 million during the quarter, compared to the consensus estimate of $382.87 million. Beazer Homes USA’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.08) earnings per share. On average, equities research analysts anticipate that Beazer Homes USA Inc. will post $0.67 earnings per share for the current year.
In other news, CFO Robert L. Salomon purchased 16,500 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was bought at an average cost of $7.41 per share, with a total value of $122,265.00. Following the purchase, the chief financial officer now directly owns 165,236 shares of the company’s stock, valued at $1,224,398.76. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen P. Zelnak, Jr. purchased 55,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were purchased at an average cost of $7.25 per share, with a total value of $398,750.00. Following the completion of the purchase, the director now directly owns 166,920 shares in the company, valued at $1,210,170. The disclosure for this purchase can be found here.
Other large investors have recently bought and sold shares of the company. Winslow Asset Management Inc. increased its stake in 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 period. New York State Common Retirement Fund increased its stake in 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 period. Brandes Investment Partners LP increased its stake in Beazer Homes USA by 247.0% in the fourth quarter. Brandes Investment Partners LP now owns 664,486 shares of the company’s stock worth $7,635,000 after buying an additional 473,002 shares during the period. Royce & Associates LLC increased its stake in Beazer Homes USA by 16.1% in the fourth quarter. Royce & Associates LLC now owns 806,075 shares of the company’s stock worth $9,262,000 after buying an additional 111,500 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in 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 worth $16,086,000 after buying an additional 100,000 shares during the period.
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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