Insider Buying: Beazer Homes USA, Inc. (BZH) Insider Acquires 5,192 Shares of Stock
Beazer Homes USA, Inc. (NYSE:BZH) insider Allan P. Merrill purchased 5,192 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average price of $9.63 per share, with a total value of $49,998.96. Following the transaction, the insider now owns 537,127 shares of the company’s stock, valued at $5,172,533.01. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of BZH stock traded up $0.29 during mid-day trading on Friday, reaching $9.70. The stock had a trading volume of 58,965 shares, compared to its average volume of 463,725. Beazer Homes USA, Inc. has a 12-month low of $8.16 and a 12-month high of $16.08. The stock has a market cap of $308.25 million, a P/E ratio of 4.87 and a beta of 2.53. The company has a quick ratio of 0.93, a current ratio of 13.97 and a debt-to-equity ratio of 2.46.
Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.15. The business had revenue of $421.30 million during the quarter, compared to analysts’ expectations of $402.98 million. Beazer Homes USA had a positive return on equity of 10.34% and a negative net margin of 0.93%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business posted $0.36 earnings per share. On average, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 1.42 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Donald Smith & CO. Inc. increased its position in Beazer Homes USA by 12.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 3,374,475 shares of the construction company’s stock worth $31,990,000 after purchasing an additional 373,441 shares in the last quarter. Towle & Co. increased its position in Beazer Homes USA by 30.3% during the 4th quarter. Towle & Co. now owns 2,426,370 shares of the construction company’s stock worth $23,002,000 after purchasing an additional 564,520 shares in the last quarter. Vanguard Group Inc increased its position in Beazer Homes USA by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 1,486,066 shares of the construction company’s stock worth $15,605,000 after purchasing an additional 37,861 shares in the last quarter. Vanguard Group Inc. increased its position in Beazer Homes USA by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,486,066 shares of the construction company’s stock worth $15,605,000 after purchasing an additional 37,861 shares in the last quarter. Finally, Royce & Associates LP increased its position in Beazer Homes USA by 4.0% during the 1st quarter. Royce & Associates LP now owns 1,186,291 shares of the construction company’s stock worth $13,654,000 after purchasing an additional 46,000 shares in the last quarter. Hedge funds and other institutional investors own 83.68% of the company’s stock.
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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