- Beazer Homes USA Inc (NYSE:BZH) Board of Directors has approved a new share repurchase program for up to $50 million of its common shares.
- The new authorization replaces a prior share repurchase authorization under which $12 million was remaining.
- The company also reiterated its expectation to achieve a Net Debt to Net Capitalization ratio below 50% and its commitment to bring total debt below $1 billion by the end of fiscal 2022.
- Beazer held $197.3 million in cash and equivalents as of March 31, 2022.
- Price Action: BZH shares are trading higher by 0.69% at $14.49 on the last check Wednesday.
Morgan Stanley Maintains Equal-Weight on Root, Lowers Price Target to $7
Morgan Stanley analyst Michael Phillips maintains Root (NASDAQ:ROOT) with a Equal-Weight and lowers the price target from $14 to $7.
