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

Beazer Homes USA, Inc. (NYSE:BZH)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 analysts have recently issued reports on BZH shares. Weiss Ratings upgraded Beazer Homes USA from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.50.

Beazer Homes USA Stock Down 0.5%

The company has a market cap of $897.65 million, a P/E ratio of -218.97 and a beta of 2.18. The stock has a 50-day moving average of $27.47 and a two-hundred day moving average of $24.33. 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 issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.69. The business had revenue of $409.85 million for the quarter, compared to analysts’ expectations of $448.79 million. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. The business’s quarterly revenue was down 27.5% on a year-over-year basis. During the same period last year, the business earned $0.42 earnings per share. On average, 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 added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Beazer Homes USA by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 999,804 shares of the construction company’s stock valued at $19,236,000 after buying an additional 51,284 shares during the last quarter. First Eagle Investment Management LLC boosted 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 acquiring an additional 5,500 shares during the period. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 122,606 shares during the period. UBS Group AG grew its position 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 worth $10,898,000 after acquiring an additional 352,092 shares during the last quarter. Finally, Winslow Asset Management Inc. grew its position 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 worth $10,005,000 after acquiring an additional 4,678 shares during the last quarter. 85.65% of the stock is 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.