Beazer Homes USA, Inc. (NYSE:BZH) Director Danny R. Shepherd bought 4,579 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average price of $10.91 per share, with a total value of $49,956.89. Following the completion of the purchase, the director now directly owns 37,680 shares of the company’s stock, valued at approximately $411,088.80. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of NYSE BZH traded down $0.15 during trading hours on Friday, reaching $10.85. The stock had a trading volume of 361,718 shares, compared to its average volume of 819,996. The company has a current ratio of 14.79, a quick ratio of 1.41 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $368.74 million, a price-to-earnings ratio of 5.45 and a beta of 2.50. Beazer Homes USA, Inc. has a twelve month low of $8.16 and a twelve month high of $20.94.

Beazer Homes USA (NYSE:BZH) last issued its earnings results on Tuesday, November 13th. The construction company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.21. Beazer Homes USA had a positive return on equity of 12.11% and a negative net margin of 2.15%. The business had revenue of $761.50 million during the quarter, compared to analyst estimates of $694.80 million. During the same period in the prior year, the company posted $0.94 earnings per share. Beazer Homes USA’s revenue was up 14.4% on a year-over-year basis. On average, research analysts anticipate that Beazer Homes USA, Inc. will post 1.95 earnings per share for the current fiscal year.

Beazer Homes USA announced that its Board of Directors has authorized a share repurchase plan on Tuesday, November 13th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 17.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently made changes to their positions in BZH. Alambic Investment Management L.P. bought a new stake in Beazer Homes USA in the third quarter valued at $111,000. We Are One Seven LLC bought a new stake in Beazer Homes USA in the third quarter valued at $139,000. Metropolitan Life Insurance Co. NY grew its position in Beazer Homes USA by 405.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 10,547 shares of the construction company’s stock valued at $156,000 after acquiring an additional 8,460 shares during the period. MetLife Investment Advisors LLC grew its position in Beazer Homes USA by 61.8% in the third quarter. MetLife Investment Advisors LLC now owns 22,160 shares of the construction company’s stock valued at $233,000 after acquiring an additional 8,460 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in Beazer Homes USA in the third quarter valued at $254,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

BZH has been the subject of a number of recent research reports. Zacks Investment Research upgraded Beazer Homes USA from a “hold” rating to a “strong-buy” rating and set a $15.00 target price for the company in a research note on Wednesday, September 5th. JPMorgan Chase & Co. lowered Beazer Homes USA from an “overweight” rating to a “neutral” rating and cut their target price for the company from $18.00 to $13.00 in a research note on Friday, September 21st. Wedbush cut their target price on Beazer Homes USA from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, September 26th. Credit Suisse Group cut their target price on Beazer Homes USA from $16.00 to $13.00 and set a “hold” rating for the company in a research note on Wednesday, September 26th. Finally, TheStreet lowered Beazer Homes USA from a “c-” rating to a “d+” rating in a research note on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.50.

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About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.

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