Beazer Homes USA (NYSE:BZH) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Beazer Homes USA, Inc. (NYSE:BZH)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.55 and traded as high as $26.52. Beazer Homes USA shares last traded at $25.9060, with a volume of 590,000 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.33.

Beazer Homes USA Stock Down 1.6%

The company has a current ratio of 15.67, a quick ratio of 1.32 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $708.01 million, a P/E ratio of -172.71 and a beta of 2.18. The stock’s 50 day simple moving average is $22.12 and its 200 day simple moving average is $22.55.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of Beazer Homes USA by 93.9% in the 4th quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock valued at $38,000 after acquiring an additional 912 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Beazer Homes USA by 454.9% during the second quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock worth $47,000 after purchasing an additional 1,724 shares during the last quarter. Comerica Bank bought a new position in Beazer Homes USA during the third quarter worth $48,000. Aquatic Capital Management LLC acquired a new position in Beazer Homes USA in the third quarter worth $70,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Beazer Homes USA by 123.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after purchasing an additional 1,933 shares during the period. Institutional investors 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.