Beazer Homes USA Inc. (NYSE:BZH) traded down 5.4% on Tuesday . The company traded as low as $9.24 and last traded at $9.27, with a volume of 507,060 shares traded. The stock had previously closed at $9.80.

Separately, Zacks Investment Research upgraded shares of Beazer Homes USA from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $14.45.

The stock has a market capitalization of $302.86 million and a PE ratio of 0.94. The company’s 50 day moving average is $8.42 and its 200-day moving average is $8.19.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.07. The firm had revenue of $459.90 million for the quarter, compared to analyst estimates of $435.58 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Equities research analysts forecast that Beazer Homes USA Inc. will post $0.55 earnings per share for the current year.

In related news, CEO Allan P. Merrill acquired 5,000 shares of Beazer Homes USA stock in a transaction that occurred on 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 acquisition, the chief executive officer now owns 456,675 shares in the company, valued at $3,438,762.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert L. Salomon acquired 16,500 shares of Beazer Homes USA stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average price of $7.41 per share, for a total transaction of $122,265.00. Following the completion of the acquisition, the chief financial officer now owns 165,236 shares in the company, valued at approximately $1,224,398.76. The disclosure for this purchase can be found here.

A number of hedge funds recently modified their holdings of BZH. State of New Jersey Common Pension Fund D raised 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 during the period. Royce & Associates LLC raised 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 during the period. Brandes Investment Partners LP raised 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 during the period. Finally, New York State Common Retirement Fund raised 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 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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