Beazer Homes USA (NYSE:BZH) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Beazer Homes USA, Inc. (NYSE:BZH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Ratings Changes

Separately, 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. Two research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.33.

Beazer Homes USA Stock Performance

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 company’s 50-day moving average is $22.12 and its two-hundred day moving average is $22.55. The stock has a market capitalization of $708.01 million, a P/E ratio of -172.71 and a beta of 2.18.

Beazer Homes USA (NYSE:BZH) last announced its quarterly earnings results on Thursday, April 30th. The construction company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.69. The company had revenue of $409.85 million for the quarter, compared to analyst estimates of $448.79 million. Beazer Homes USA had a negative net margin of 0.18% and a positive return on equity of 0.99%. Beazer Homes USA’s revenue was down 27.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.42 earnings per share. As a group, sell-side analysts anticipate that Beazer Homes USA, Inc. will post -0.41 EPS for the current fiscal year.

Institutional Trading of Beazer Homes USA

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position 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. Comerica Bank bought a new stake in shares of Beazer Homes USA during the third quarter valued at about $48,000. Osaic Holdings Inc. lifted its holdings in Beazer Homes USA by 454.9% in the second 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 during the period. Aquatic Capital Management LLC acquired a new stake in Beazer Homes USA in the third quarter worth about $70,000. Finally, Tower Research Capital LLC TRC grew its position in Beazer Homes USA by 123.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock valued at $78,000 after buying an additional 1,933 shares in 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.