Beazer Homes USA (NYSE:BZH) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Beazer Homes USA, Inc. (NYSE:BZH) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.81 and traded as high as $27.78. Beazer Homes USA shares last traded at $27.3740, with a volume of 221,950 shares trading hands.

Wall Street Analyst Weigh In

Separately, 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 investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.33.

Beazer Homes USA Stock Performance

The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32. The company’s 50-day moving average price is $23.00 and its two-hundred day moving average price is $22.81. The company has a market capitalization of $748.13 million, a price-to-earnings ratio of -182.49 and a beta of 2.18.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, topping 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 analysts’ expectations of $448.79 million. During the same quarter last year, the firm posted $0.42 earnings per share. The firm’s revenue was down 27.5% on a year-over-year basis. On average, equities research analysts anticipate that Beazer Homes USA, Inc. will post -0.41 EPS for the current fiscal year.

Institutional Trading of Beazer Homes USA

Hedge funds have recently made changes to their positions in the company. UBS Group AG lifted its holdings in shares of Beazer Homes USA by 189.7% during the fourth 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 in the last quarter. Millennium Management LLC raised its position in Beazer Homes USA by 928.5% in the third quarter. Millennium Management LLC now owns 376,183 shares of the construction company’s stock worth $9,235,000 after acquiring an additional 339,607 shares during the period. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 214,239 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Beazer Homes USA by 22.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,471 shares of the construction company’s stock worth $13,753,000 after buying an additional 122,606 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Beazer Homes USA by 555.9% in the first quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock worth $2,720,000 after buying an additional 119,822 shares during the period. 85.65% of the stock is currently owned by institutional investors.

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.