Beazer Homes USA (NYSE:BZH) Share Price Passes Above 200 Day Moving Average – Here’s Why

Beazer Homes USA, Inc. (NYSE:BZH) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.38 and traded as high as $25.55. Beazer Homes USA shares last traded at $24.9860, with a volume of 370,555 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BZH. Weiss Ratings cut shares of Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research note on Friday, January 30th. Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.33.

Beazer Homes USA Stock Up 2.0%

The firm has a fifty day simple moving average of $21.38 and a 200-day simple moving average of $22.38. The firm has a market cap of $682.87 million, a price-to-earnings ratio of -166.57 and a beta of 2.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.69. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.The business had revenue of $409.85 million during the quarter, compared to the consensus estimate of $448.79 million. During the same quarter last year, the firm posted $0.42 EPS. The company’s quarterly revenue was down 27.5% on a year-over-year basis. As a group, sell-side analysts expect that Beazer Homes USA, Inc. will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Beazer Homes USA

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in Beazer Homes USA by 5.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock valued at $19,236,000 after purchasing an additional 51,284 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Beazer Homes USA by 0.8% during the 4th quarter. First Eagle Investment Management LLC now owns 701,437 shares of the construction company’s stock valued at $14,218,000 after purchasing an additional 5,500 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Beazer Homes USA by 22.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock valued at $13,753,000 after purchasing an additional 122,606 shares during the last quarter. UBS Group AG lifted its holdings in Beazer Homes USA by 189.7% during the 4th quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock valued at $10,898,000 after purchasing an additional 352,092 shares during the last quarter. Finally, Winslow Asset Management Inc. lifted its holdings in Beazer Homes USA by 1.0% during the 4th quarter. Winslow Asset Management Inc. now owns 493,583 shares of the construction company’s stock valued at $10,005,000 after purchasing an additional 4,678 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Beazer Homes USA

Beazer Homes USA, Inc is a national homebuilder specializing in the design, construction and sale of single-family homes. The company serves a diverse range of buyers, offering product lines that span from entry-level homes to move-up and active adult communities. In addition to its core homebuilding operations, Beazer provides mortgage financing, title and closing services through its subsidiaries, aiming to simplify the home-buying process and manage risk across the transaction.

Operating in key growth markets across the United States, Beazer Homes maintains a presence in more than a dozen metropolitan areas, including select markets in the Southeast, Southwest and West.