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

Beazer Homes USA, Inc. (NYSE:BZH) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.59 and traded as high as $26.28. Beazer Homes USA shares last traded at $25.89, with a volume of 559,222 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Weiss Ratings lowered Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, January 30th. Zacks Research raised Beazer Homes USA from a “strong sell” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Wall Street Zen cut Beazer Homes USA from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 31st. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Beazer Homes USA presently has an average rating of “Hold” and an average target price of $31.33.

Beazer Homes USA Stock Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.81 and a current ratio of 19.62. The stock has a market capitalization of $764.01 million, a P/E ratio of 86.30, a P/E/G ratio of 2.15 and a beta of 2.21. The stock has a 50 day moving average of $23.58 and a 200 day moving average of $23.59.

Beazer Homes USA (NYSE:BZH) last announced its earnings results on Thursday, January 29th. The construction company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.41). The business had revenue of $363.49 million for the quarter, compared to the consensus estimate of $423.23 million. Beazer Homes USA had a net margin of 0.44% and a return on equity of 2.11%. The firm’s revenue was down 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Equities analysts predict that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Institutional Trading of Beazer Homes USA

A number of large investors have recently added to or reduced their stakes in BZH. State of Alaska Department of Revenue bought a new position in shares of Beazer Homes USA in the third quarter valued at $37,000. Royal Bank of Canada grew 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 worth $38,000 after acquiring an additional 912 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of Beazer Homes USA by 454.9% in the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock worth $47,000 after acquiring an additional 1,724 shares during the last quarter. Comerica Bank acquired a new stake in shares of Beazer Homes USA during the third quarter worth $48,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Beazer Homes USA during the third quarter valued at $70,000. 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.