S&P 500
7,568.60
-0.18%
Dow Jones
52,708.00
-0.02%
Nasdaq 100
29,288.80
-0.91%
Russell 2000
2,993.14
+0.39%
FTSE 100
10,514.60
+0.25%
Nikkei 225
66,362.60
-1.96%

Housing

Homebuilder Prices Secondary Offering

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
Homebuilder Beazer Homes USA Inc. (NYSE: BZH) today priced a secondary offering of 22 million shares of common stock at $2.90/share, a discount of about 2.7% from last night’s closing price of $2.98/share. The company also priced an offering of 4 million 7.5% tangible equity units at $25/unit. Beazer has granted 30-day overallotment options of 3.3 million shares and 600,000 tangible equity units to the underwriters.

The company expects net proceeds of about $60.1 million from the stock offering and $96.5 million. Beazer said that it will use the proceeds “for growth capital, including for approximately $100 million of potential land investments in Florida, California, Texas, North Carolina and Arizona, and for general corporate purposes, including the repayment of outstanding indebtedness.”

Beazer noted that it will apply to list the tangible equity units on the NYSE under the symbol ‘BZT”, but gave no further details on its listing plans.

The company’s shares are down -3.7% in the early afternoon today at $2.87 in a 52-week range of $1.35-$3.98.

Paul Ausick

Contact [email protected] for any questions or corrections.

*$149 for two years (or $1.43 per week) is an introductory promotion for new members only. 62% discount based on the current list price of Stock Advisor of $199/year. Membership will renew at the then-current list price at the end of the membership term.

Stock Advisor returns are 930% as compared to the S&P 500 returns of 185% as of April 7, 2026.

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Jon C. Ogg |

Secondary Offering Floodgates Open Wide (ARNA, BZH, FSS, GHL, KMP, KFN, PEI, RDN, RSG)

The secondary floodgates are reopening it seems.  That’s a bull market for you.  We have shares or units reacting against…

Jon C. Ogg |

Secondary Offerings Come On Strong From Housing & REITs (ARR, BZH, MTH, SNH)

When the market is stable or when shares are strong, many companies choose to unload shares to raise capital. It…

Paul Ausick |

One Homebuilder That Still Needs to Get Well

Beazer USA Homes Inc. (NYSE: BZH) reported a third fiscal quarter net loss of $0.38 per share and $254.6 million…

Douglas A. McIntyre |

Citi Prices Largest Offering in U.S. History; Wrong Time & Price (C)

Citigroup Inc. (NYSE: C) was already in our “top after-hours trading movers” because of weakness in its share price on…

Douglas A. McIntyre |

Beazer Files to Raise $750 Million (BZH)

Beazer Homes USA, Inc. (NYSE: BZH) has just filed a mixed securities shelf registration that will allow it to sell…

Jon C. Ogg |

Top Day Trader Alerts (BZH, BHP, BP, GGP, IPXL, LF, NTRI, PBI, PWAV, QCOR, SIRI)

There are many pre-market movers this morning, and most are still from earnings but not all… Those on the move…

Jon C. Ogg |

Ten Big Secondary Stock Offerings at Once, Almost $1.7 Billion Total (BNNY, TEU, EROC, ESC, HTWR, IMRS, STNG, SUI, WAGE, YNDX)

As the stock market keeps rising and rising, investors need to pay attention to how many companies are raising capital…

Jon C. Ogg |

FuelCell Makes the Right Stock Offering, but at the Wrong Price

FuelCell Energy has joined the ranks of small cap alternative energy players raising fresh operating capital. The company announced an…

Jon C. Ogg |

Neostem Pounds Holders In Capital Raise (NBS)

If there is one sector you can count on to raise capital either after opportunistic share price gains or at…

Top Gaining Stocks

Abbott Laboratories
ABT • Vol: 9,336,430
Erie Indemnity
ERIE • Vol: 65,169
Dexcom
DXCM • Vol: 1,194,438
Ingersoll Rand
IR • Vol: 1,215,133
Cintas
CTAS • Vol: 612,373

Top Losing Stocks

Coterra Energy
CTRA • Vol: 73,319,495
Corning
GLW • Vol: 4,690,930
Cigna
CI • Vol: 609,639
Elevance Health
ELV • Vol: 579,789
ServiceNow
NOW • Vol: 5,088,672