Beazer Homes USA (NYSE:BZH) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Beazer Homes USA, Inc. (NYSE:BZH)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.24 and traded as high as $32.86. Beazer Homes USA shares last traded at $32.78, with a volume of 369,071 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on BZH. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings upgraded shares of Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Beazer Homes USA presently has an average rating of “Hold” and a consensus target price of $35.50.

Beazer Homes USA Trading Up 0.8%

The company has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $24.24. The company has a market capitalization of $895.88 million, a P/E ratio of -218.53 and a beta of 2.18. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32.

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

Institutional Investors Weigh In On Beazer Homes USA

Large investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC bought a new position in shares of Beazer Homes USA in the fourth quarter valued at approximately $1,039,000. JPMorgan Chase & Co. lifted its stake in shares of Beazer Homes USA by 1,385.2% in the third quarter. JPMorgan Chase & Co. now owns 229,705 shares of the construction company’s stock worth $5,639,000 after buying an additional 214,239 shares during the last quarter. UBS Group AG boosted its holdings in shares of Beazer Homes USA by 189.7% during the 4th quarter. UBS Group AG now owns 537,663 shares of the construction company’s stock worth $10,898,000 after buying an additional 352,092 shares during the period. Jamison Private Wealth Management Inc. boosted its holdings in shares of Beazer Homes USA by 31.5% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 104,498 shares of the construction company’s stock worth $2,011,000 after buying an additional 25,044 shares during the period. Finally, Abacus Wealth Partners LLC acquired a new position in Beazer Homes USA in the 4th quarter valued at $1,022,000. Institutional investors own 85.65% of the company’s stock.

Beazer Homes USA Company Profile

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.