Beazer Homes Usa Inc (BZH): Stephen P Jr Zelnak , director of Beazer Homes Usa Inc purchased 55,000 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $7.25 per share for a total value of $398,750.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 9, 2016, Brian C Beazer (director) purchased 15,000 shares at $6.63 per share price.On Feb 9, 2016, Robert L. Salomon (CFO) purchased 9,500 shares at $6.62 per share price.Also, On Feb 9, 2016, Stephen P Jr Zelnak (director) purchased 45,000 shares at $6.73 per share price.On Feb 9, 2016, Elizabeth S Acton (director) purchased 2,500 shares at $6.68 per share price.
Shares of Beazer Homes USA (BZH) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.47 points or -6.10% at $7.24 with 12,86,994 shares getting traded. Post opening the session at $7.54, the shares hit an intraday low of $7.04 and an intraday high of $7.56 and the price vacillated in this range throughout the day. The company has a market cap of $240 M and the number of outstanding shares has been calculated to be 3,30,86,585 shares. The 52-week high of Beazer Homes USA is $21.19 and the 52-week low is $6.07.
Company has been under the radar of several Street Analysts.Beazer Homes USA is 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. The Rating was issued on May 4, 2016.
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.