Shares of Beazer Homes USA Inc. (NYSE:BZH) were up 4.9% during mid-day trading on Monday . The stock traded as high as $10.52 and last traded at $10.47, with a volume of 443,507 shares traded. The stock had previously closed at $9.98.

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

The firm’s 50-day moving average is $8.91 and its 200 day moving average is $8.25. The company has a market cap of $328.95 million and a P/E ratio of 1.02.

Beazer Homes USA (NYSE:BZH) last released its quarterly earnings data 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 company earned $459.90 million during the quarter, compared to the consensus estimate of $435.58 million. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, equities research analysts predict that Beazer Homes USA Inc. will post $0.50 EPS for the current fiscal year.

In other Beazer Homes USA news, Director Stephen P. Zelnak, Jr. purchased 50,000 shares of Beazer Homes USA stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of $9.70 per share, with a total value of $485,000.00. Following the transaction, the director now owns 241,920 shares in the company, valued at approximately $2,346,624. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

A hedge fund recently raised its stake in Beazer Homes USA stock. State of New Jersey Common Pension Fund D raised its stake in shares of Beazer Homes USA Inc. (NYSE:BZH) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,400,000 shares of the company’s stock after buying an additional 100,000 shares during the period. State of New Jersey Common Pension Fund D owned 4.40% of Beazer Homes USA worth $16,086,000 at the end of the most recent 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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