Keith L. Belknap, Jr. Sells 15,000 Shares of Beazer Homes USA, Inc. (NYSE:BZH) Stock

Beazer Homes USA, Inc. (NYSE:BZH) EVP Keith L. Belknap, Jr. sold 15,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $28.31, for a total transaction of $424,650.00. Following the transaction, the executive vice president now owns 195,819 shares in the company, valued at $5,543,635.89. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Beazer Homes USA Trading Down 0.1 %

Shares of BZH stock opened at $28.70 on Friday. The firm has a market capitalization of $905.40 million, a PE ratio of 5.54 and a beta of 2.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.30 and a current ratio of 13.50. Beazer Homes USA, Inc. has a 1 year low of $20.04 and a 1 year high of $35.93. The stock has a fifty day moving average of $29.63 and a two-hundred day moving average of $29.66.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Wednesday, May 1st. The construction company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.35. Beazer Homes USA had a return on equity of 13.97% and a net margin of 7.48%. The business had revenue of $541.50 million during the quarter, compared to analysts’ expectations of $569.88 million. During the same quarter last year, the business posted $1.13 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. As a group, research analysts expect that Beazer Homes USA, Inc. will post 4.61 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BZH. Donald Smith & CO. Inc. raised its position in Beazer Homes USA by 58.9% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,586,642 shares of the construction company’s stock valued at $87,403,000 after buying an additional 958,814 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Beazer Homes USA by 31.2% during the third quarter. Vanguard Group Inc. now owns 2,194,979 shares of the construction company’s stock worth $54,677,000 after purchasing an additional 521,596 shares during the period. Assenagon Asset Management S.A. grew its position in Beazer Homes USA by 34.6% during the third quarter. Assenagon Asset Management S.A. now owns 743,501 shares of the construction company’s stock valued at $18,521,000 after purchasing an additional 190,985 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Beazer Homes USA in the 4th quarter valued at approximately $24,971,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Beazer Homes USA by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 589,533 shares of the construction company’s stock valued at $19,920,000 after buying an additional 22,669 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on BZH. StockNews.com cut shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Wedbush reaffirmed a “neutral” rating and set a $33.00 target price on shares of Beazer Homes USA in a report on Thursday, May 2nd.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.