Insider Selling: Beazer Homes USA, Inc. (NYSE:BZH) CFO Sells 6,057 Shares of Stock

Beazer Homes USA, Inc. (NYSE:BZH) CFO David I. Goldberg sold 6,057 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the sale, the chief financial officer now directly owns 131,004 shares in the company, valued at approximately $4,199,988.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Beazer Homes USA Stock Down 0.2 %

Shares of BZH stock traded down $0.08 on Wednesday, reaching $31.98. 465,169 shares of the stock were exchanged, compared to its average volume of 357,735. The company has a current ratio of 12.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. The business’s 50 day moving average price is $32.36 and its 200 day moving average price is $30.23. The company has a market capitalization of $993.94 million, a price-to-earnings ratio of 6.89, a PEG ratio of 1.36 and a beta of 2.18. Beazer Homes USA, Inc. has a twelve month low of $25.48 and a twelve month high of $35.20.

Hedge Funds Weigh In On Beazer Homes USA

A number of institutional investors and hedge funds have recently modified their holdings of BZH. Boston Partners acquired a new position in shares of Beazer Homes USA during the first quarter worth $15,411,000. Donald Smith & CO. Inc. boosted its stake in Beazer Homes USA by 13.8% in the first quarter. Donald Smith & CO. Inc. now owns 2,943,211 shares of the construction company’s stock valued at $96,537,000 after acquiring an additional 356,569 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Beazer Homes USA by 711.4% in the third quarter. Victory Capital Management Inc. now owns 225,453 shares of the construction company’s stock valued at $7,704,000 after acquiring an additional 197,666 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Beazer Homes USA by 52.6% in the third quarter. Assenagon Asset Management S.A. now owns 545,983 shares of the construction company’s stock valued at $18,656,000 after acquiring an additional 188,084 shares in the last quarter. Finally, Carlson Capital L P boosted its stake in Beazer Homes USA by 63.9% in the first quarter. Carlson Capital L P now owns 333,600 shares of the construction company’s stock valued at $10,942,000 after acquiring an additional 130,100 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BZH shares. StockNews.com downgraded shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. B. Riley dropped their price target on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Zelman & Associates restated an “underperform” rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Finally, Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.67.

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.