Beazer Homes USA Inc. (NYSE:BZH) rose 4.9% on Monday . The company traded as high as $10.52 and last traded at $10.47, with a volume of 443,507 shares trading hands. The stock had previously closed at $9.98.

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

The firm has a market cap of $328.63 million and a PE ratio of 1.02. The stock has a 50-day moving average of $9.01 and a 200-day moving average of $8.26.

Beazer Homes USA (NYSE:BZH) last posted its earnings results on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. During the same period in the previous year, the firm earned $0.38 EPS. The business 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. Equities research analysts forecast that Beazer Homes USA Inc. will post $0.50 EPS for the current year.

In other news, Director Stephen P. Zelnak, Jr. acquired 50,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were purchased at an average cost of $9.70 per share, with a total value of $485,000.00. Following the completion of the purchase, the director now owns 241,920 shares of the company’s stock, valued at $2,346,624. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A hedge fund recently raised its stake in Beazer Homes USA stock. State of New Jersey Common Pension Fund D boosted its stake in Beazer Homes USA Inc. (NYSE:BZH) by 7.7% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 approximately 4.40% of Beazer Homes USA worth $16,086,000 at the end of the most recent reporting 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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