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

Beazer Homes USA, Inc. (NYSE:BZH) shares 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.

Analysts Set New Price Targets

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

Beazer Homes USA Stock Down 1.0%

The company has a market cap of $748.13 million, a price-to-earnings ratio of -182.49 and a beta of 2.18. 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 business has a fifty day moving average of $23.00 and a two-hundred day moving average of $22.81.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.69. The company had revenue of $409.85 million for 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%.Beazer Homes USA’s revenue for the quarter was down 27.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. As a group, equities analysts anticipate that Beazer Homes USA, Inc. will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

A number of institutional investors have recently added to or reduced their stakes in BZH. Royal Bank of Canada raised its position in Beazer Homes USA by 93.9% during the fourth quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock worth $38,000 after acquiring an additional 912 shares during the period. Osaic Holdings Inc. lifted its holdings 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 valued at $47,000 after purchasing an additional 1,724 shares in the last quarter. Comerica Bank acquired a new stake in shares of Beazer Homes USA in the third quarter valued at about $48,000. Aquatic Capital Management LLC acquired a new stake in shares of Beazer Homes USA in the third quarter valued at about $70,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Beazer Homes USA by 123.4% during 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 in the last quarter. Institutional investors and hedge funds 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.