Beazer Homes USA (BZH) was Downgraded by UBS to ” Neutral” while Lowering the Price Target of the company shares to $ 8 from a previous price target of $12 . Earlier the firm had a rating of “Buy ” on the company shares. UBS advised their investors in a research report released on May 4, 2016.
On the company’s financial health, Beazer Homes USA reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.02. The company had revenue of $385.60 million for the quarter, compared to analysts expectations of $385.22 million. The company’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.
Beazer Homes USA opened for trading at $8.28 and hit $8.43 on the upside on Monday, eventually ending the session at $8.27, with a gain of 0.61% or 0.05 points. The heightened volatility saw the trading volume jump to 6,87,882 shares. Company has a market cap of $274 M.
In a different news, on Feb 9, 2016, Brian C Beazer (director) purchased 15,000 shares at $6.63 per share price. According to the SEC, on Feb 9, 2016, Robert L. Salomon (CFO) purchased 9,500 shares at $6.62 per share price. On Feb 9, 2016, Stephen P Jr Zelnak (director) purchased 45,000 shares at $6.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Beazer Homes USA Inc. is a diversified homebuilder with operations in 16 states within three geographic regions in the United States: West East and Southeast. The Companys homes are designed to appeal to homeowners at various price points across various demographic segments and are generally offered for sale in advance of their construction. It has three homebuilding segments: West which includes Arizona California Nevada and Texas; East which includes Delaware Indiana Maryland New Jersey New York Pennsylvania Tennessee (Nashville) and Virginia; and Southeast which includes Florida Georgia North Carolina (Raleigh) and South Carolina. The Company partners with Moen Certain Teed and DuPont Tyvek. The Company provides information about the active communities through its Internet Website located atwww.beazer.com.