Beazer Homes USA, Inc. (NYSE:BZH) CFO Sells $194,187.42 in Stock

Beazer Homes USA, Inc. (NYSE:BZH) CFO David I. Goldberg sold 6,057 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $32.06, for a total value of $194,187.42. Following the completion of the transaction, the chief financial officer now owns 131,004 shares of the company’s stock, valued at $4,199,988.24. The trade was a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Beazer Homes USA Stock Down 3.8 %

Shares of NYSE BZH opened at $33.30 on Friday. The firm’s fifty day moving average is $32.48 and its 200 day moving average is $30.28. Beazer Homes USA, Inc. has a 52 week low of $25.48 and a 52 week high of $38.22. The company has a quick ratio of 0.92, a current ratio of 12.42 and a debt-to-equity ratio of 0.91. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 1.35 and a beta of 2.18.

Hedge Funds Weigh In On Beazer Homes USA

Hedge funds and other institutional investors have recently modified their holdings of the company. Foundry Partners LLC lifted its stake in Beazer Homes USA by 29.4% in the first quarter. Foundry Partners LLC now owns 163,805 shares of the construction company’s stock worth $5,373,000 after acquiring an additional 37,200 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Beazer Homes USA by 53.3% in the 1st quarter. First Eagle Investment Management LLC now owns 359,686 shares of the construction company’s stock worth $11,798,000 after purchasing an additional 125,100 shares during the period. Marshall Wace LLP boosted its stake in shares of Beazer Homes USA by 91.9% during the 2nd quarter. Marshall Wace LLP now owns 57,769 shares of the construction company’s stock valued at $1,587,000 after purchasing an additional 27,666 shares in the last quarter. Koss Olinger Consulting LLC purchased a new position in shares of Beazer Homes USA during the second quarter valued at about $447,000. Finally, Boston Partners bought a new position in Beazer Homes USA in the first quarter worth about $15,411,000. 85.65% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on BZH shares. Zelman & Associates reiterated an “underperform” rating on shares of Beazer Homes USA in a research report on Tuesday, September 17th. B. Riley reduced their target price on shares of Beazer Homes USA from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. StockNews.com cut shares of Beazer Homes USA from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Finally, Wedbush upgraded shares of Beazer Homes USA from a “neutral” rating to an “outperform” rating and upped their price target for the company from $41.00 to $45.00 in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Beazer Homes USA presently has a consensus 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.