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

Shares of 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.

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 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 company’s stock. According to MarketBeat.com, Beazer Homes USA currently has a consensus rating of “Hold” and a consensus target price of $31.33.

Beazer Homes USA Stock Performance

The stock has a market cap of $755.95 million, a P/E ratio of -184.40 and a beta of 2.18. The company has a fifty day moving average of $23.98 and a 200 day moving average of $23.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32.

Beazer Homes USA (NYSE:BZH) last released its earnings results on Thursday, April 30th. The construction company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm 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 firm posted $0.42 earnings per share. The firm’s revenue for the quarter was down 27.5% compared to the same quarter last year. On average, equities analysts predict that Beazer Homes USA, Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in Beazer Homes USA by 32.5% in the first quarter. California State Teachers Retirement System now owns 30,022 shares of the construction company’s stock worth $578,000 after acquiring an additional 7,359 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Beazer Homes USA by 555.9% during the 1st quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock valued at $2,720,000 after purchasing an additional 119,822 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Beazer Homes USA by 41.6% during the 1st quarter. Quantinno Capital Management LP now owns 39,170 shares of the construction company’s stock valued at $754,000 after purchasing an additional 11,511 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Beazer Homes USA by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 92,707 shares of the construction company’s stock worth $1,784,000 after purchasing an additional 5,741 shares during the last quarter. Institutional investors 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.