Robert L. Salomon Sells 10,000 Shares of Beazer Homes USA, Inc. (NYSE:BZH) Stock

Beazer Homes USA, Inc. (NYSE:BZH) CFO Robert L. Salomon sold 10,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $15.05, for a total value of $150,500.00. Following the transaction, the chief financial officer now directly owns 265,461 shares of the company’s stock, valued at $3,995,188.05. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

BZH traded up $0.09 on Tuesday, hitting $15.16. 246,852 shares of the company traded hands, compared to its average volume of 241,328. The company has a 50 day moving average of $14.81 and a 200-day moving average of $13.57. The company has a quick ratio of 1.18, a current ratio of 12.65 and a debt-to-equity ratio of 2.19. The stock has a market capitalization of $472.90 million, a PE ratio of 11.94 and a beta of 2.33. Beazer Homes USA, Inc. has a 12-month low of $8.89 and a 12-month high of $16.70.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Wednesday, November 13th. The construction company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.43). The company had revenue of $773.00 million for the quarter, compared to analysts’ expectations of $777.55 million. Beazer Homes USA had a negative net margin of 3.81% and a positive return on equity of 8.85%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 earnings per share. On average, research analysts anticipate that Beazer Homes USA, Inc. will post 2.03 EPS for the current year.

BZH has been the subject of several analyst reports. Zacks Investment Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised Beazer Homes USA from a “strong sell” rating to a “sell” rating in a report on Friday. Finally, Wedbush reissued an “outperform” rating and issued a $17.00 target price on shares of Beazer Homes USA in a report on Thursday, November 14th.

A number of institutional investors and hedge funds have recently bought and sold shares of BZH. Bank of Montreal Can raised its stake in Beazer Homes USA by 96.3% during the 2nd quarter. Bank of Montreal Can now owns 5,121 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2,512 shares during the last quarter. Bailard Inc. purchased a new stake in Beazer Homes USA during the 3rd quarter valued at approximately $155,000. Hancock Whitney Corp purchased a new stake in Beazer Homes USA during the 3rd quarter valued at approximately $158,000. United Services Automobile Association raised its stake in Beazer Homes USA by 10.8% during the 2nd quarter. United Services Automobile Association now owns 23,462 shares of the construction company’s stock valued at $225,000 after acquiring an additional 2,292 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Beazer Homes USA during the 3rd quarter valued at approximately $242,000. 82.28% of the stock is owned by hedge funds and other institutional investors.

Beazer Homes USA Company Profile

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, Gatherings, and Choice Plans names. 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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