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

Beazer Homes USA, Inc. (NYSE:BZHGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.84 and traded as high as $33.23. Beazer Homes USA shares last traded at $33.15, with a volume of 500,976 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research upgraded shares of Beazer Homes USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 10th. Texas Capital cut shares of Beazer Homes USA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings downgraded shares of Beazer Homes USA from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. Finally, Oppenheimer cut Beazer Homes USA from an “outperform” rating to a “market perform” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Check Out Our Latest Report on BZH

Beazer Homes USA Price Performance

The firm has a market capitalization of $884.71 million, a price-to-earnings ratio of -110.53 and a beta of 2.17. The company’s 50 day moving average is $31.05 and its 200 day moving average is $25.89. The company has a quick ratio of 1.28, a current ratio of 14.64 and a debt-to-equity ratio of 1.23.

Beazer Homes USA (NYSE:BZHGet Free Report) last issued its quarterly earnings data on Friday, August 7th. The construction company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.18. Beazer Homes USA had a negative net margin of 0.37% and a positive return on equity of 0.18%. The business had revenue of $516.31 million during the quarter, compared to analysts’ expectations of $510.55 million. During the same quarter in the previous year, the company earned $0.26 EPS. The business’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Beazer Homes USA, Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Beazer Homes USA

Several institutional investors have recently made changes to their positions in BZH. Royal Bank of Canada increased its stake in Beazer Homes USA by 93.9% during 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 period. Osaic Holdings Inc. grew its holdings in shares of Beazer Homes USA by 454.9% during the 2nd quarter. Osaic Holdings Inc. now owns 2,103 shares of the construction company’s stock worth $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 during the 3rd quarter worth $48,000. Public Employees Retirement System of Ohio bought a new position in shares of Beazer Homes USA in the second quarter worth $56,000. Finally, Aquatic Capital Management LLC acquired a new position in Beazer Homes USA in the third quarter valued at about $70,000. 85.65% of the stock is currently owned by institutional investors.

Beazer Homes USA Company Profile

(Get Free Report)

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.

Further Reading

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