Beazer Homes USA (NYSE:BZH) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Beazer Homes USA, Inc. (NYSE:BZH)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.59 and traded as high as $25.56. Beazer Homes USA shares last traded at $25.01, with a volume of 191,214 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BZH. B. Riley assumed coverage on Beazer Homes USA in a report on Monday, June 30th. They issued a “neutral” rating and a $23.00 price objective for the company. Oppenheimer reissued an “outperform” rating and set a $30.00 price target (down from $33.00) on shares of Beazer Homes USA in a research report on Monday, August 4th. Wedbush reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of Beazer Homes USA in a report on Friday, August 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Beazer Homes USA in a research note on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $31.33.

Beazer Homes USA Price Performance

The firm has a market capitalization of $743.43 million, a price-to-earnings ratio of 11.37, a PEG ratio of 0.65 and a beta of 2.17. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $24.83 and a two-hundred day moving average price of $22.59.

Beazer Homes USA (NYSE:BZH) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.16). Beazer Homes USA had a return on equity of 6.16% and a net margin of 2.84%.The company had revenue of $545.37 million for the quarter, compared to the consensus estimate of $565.47 million. During the same quarter in the previous year, the company earned $0.88 earnings per share. Beazer Homes USA’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, research analysts forecast that Beazer Homes USA, Inc. will post 3.48 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. CSM Advisors LLC bought a new position in Beazer Homes USA during the 2nd quarter valued at $2,504,000. Readystate Asset Management LP acquired a new stake in shares of Beazer Homes USA in the first quarter valued at $2,210,000. Denali Advisors LLC boosted its stake in Beazer Homes USA by 198.5% during the first quarter. Denali Advisors LLC now owns 147,777 shares of the construction company’s stock valued at $3,013,000 after buying an additional 98,277 shares in the last quarter. Fund 1 Investments LLC acquired a new position in Beazer Homes USA during the second quarter worth about $1,946,000. Finally, Nuveen LLC acquired a new position in Beazer Homes USA during the first quarter worth about $1,651,000. Institutional investors own 85.65% of the company’s stock.

About Beazer Homes USA

Beazer Homes USA, Inc operates as a homebuilder in the United States. It designs, constructs, and sells single-family and multi-family homes under the Beazer Homes, Gatherings, and Choice Plans names. The company also sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Indiana, Delaware, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina.