Beazer Homes USA (NYSE:BZH) Share Price Passes 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 Thursday . The stock has a 200-day moving average of $22.55 and traded as high as $26.52. Beazer Homes USA shares last traded at $25.9060, with a volume of 590,000 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Stock Up 0.0%

The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.32 and a current ratio of 15.67. The stock has a market cap of $708.25 million, a P/E ratio of -172.74 and a beta of 2.18. The stock’s fifty day simple moving average is $22.24 and its 200-day simple moving average is $22.58.

Beazer Homes USA (NYSE:BZH) last issued its quarterly 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 negative net margin of 0.18% and a positive return on equity of 0.99%. The company had revenue of $409.85 million during the quarter, compared to the consensus estimate of $448.79 million. During the same quarter in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was down 27.5% on a year-over-year basis. As a group, research analysts forecast that Beazer Homes USA, Inc. will post -0.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Beazer Homes USA

A number of institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its position in Beazer Homes USA by 32.5% during the 1st quarter. California State Teachers Retirement System now owns 30,022 shares of the construction company’s stock worth $578,000 after purchasing an additional 7,359 shares in the last quarter. Empowered Funds LLC increased its position in Beazer Homes USA by 555.9% in the 1st quarter. Empowered Funds LLC now owns 141,377 shares of the construction company’s stock valued at $2,720,000 after acquiring an additional 119,822 shares during the period. Quantinno Capital Management LP increased its position in Beazer Homes USA by 41.6% in the 1st quarter. Quantinno Capital Management LP now owns 39,170 shares of the construction company’s stock valued at $754,000 after acquiring an additional 11,511 shares during the period. Dimensional Fund Advisors LP increased its position 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 valued at $19,236,000 after acquiring an additional 51,284 shares during the period. Finally, Bank of New York Mellon Corp increased its position in 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 valued at $1,784,000 after acquiring an additional 5,741 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.