Beazer Homes USA (NYSE:BZH) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Beazer Homes USA, Inc. (NYSE:BZH) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.99 and traded as high as $27.10. Beazer Homes USA shares last traded at $26.5150, with a volume of 227,383 shares traded.

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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.33.

Beazer Homes USA Price Performance

The firm has a 50 day moving average of $23.77 and a 200-day moving average of $22.99. 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 company has a market cap of $724.65 million, a P/E ratio of -176.77 and a beta of 2.18.

Beazer Homes USA (NYSE:BZH) last posted its quarterly 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 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 period in the prior year, the company posted $0.42 EPS. The firm’s revenue for the quarter was down 27.5% compared to the same quarter last year. On average, equities research analysts predict that Beazer Homes USA, Inc. will post -0.41 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

A number of hedge funds and other institutional investors have recently modified their holdings of BZH. Dimensional Fund Advisors LP lifted its stake in Beazer Homes USA by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock worth $19,236,000 after purchasing an additional 51,284 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of Beazer Homes USA by 0.8% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Beazer Homes USA by 22.1% during the fourth 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 in the last quarter. UBS Group AG grew its position 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. Finally, Winslow Asset Management Inc. increased its holdings in shares of Beazer Homes USA by 1.0% in the fourth quarter. Winslow Asset Management Inc. now owns 493,583 shares of the construction company’s stock worth $10,005,000 after purchasing an additional 4,678 shares during the last quarter. 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.