Beazer Homes USA (NYSE:BZH) Share Price Passes Above 200 Day Moving Average – What’s Next?

Beazer Homes USA, Inc. (NYSE:BZH)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.38 and traded as high as $25.55. Beazer Homes USA shares last traded at $24.9860, with a volume of 370,555 shares.

Wall Street Analysts Forecast Growth

BZH has been the subject of a number of recent research reports. Wall Street Zen downgraded Beazer Homes USA from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Weiss Ratings lowered Beazer Homes USA from a “hold (c)” rating to a “sell (d)” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.33.

Beazer Homes USA Trading Up 1.0%

The stock has a market cap of $694.92 million, a P/E ratio of -169.51 and a beta of 2.15. 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 firm’s fifty day simple moving average is $21.57 and its 200-day simple moving average is $22.42.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported ($0.03) earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $448.79 million. During the same period in the prior year, the company posted $0.42 earnings per share. Beazer Homes USA’s revenue for the quarter was down 27.5% compared to the same quarter last year. Equities research analysts expect that Beazer Homes USA, Inc. will post -0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Beazer Homes USA

Several hedge funds and other institutional investors have recently bought and sold shares of BZH. Royal Bank of Canada lifted its holdings in Beazer Homes USA by 1.8% in the first quarter. Royal Bank of Canada now owns 73,915 shares of the construction company’s stock valued at $1,507,000 after buying an additional 1,279 shares during the period. AQR Capital Management LLC lifted its holdings in Beazer Homes USA by 35.5% in the first quarter. AQR Capital Management LLC now owns 198,855 shares of the construction company’s stock valued at $4,055,000 after buying an additional 52,062 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Beazer Homes USA by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,314 shares of the construction company’s stock valued at $353,000 after buying an additional 734 shares during the period. Rhumbline Advisers lifted its holdings in Beazer Homes USA by 1.4% in the second quarter. Rhumbline Advisers now owns 46,206 shares of the construction company’s stock valued at $1,034,000 after buying an additional 642 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Beazer Homes USA by 5.0% in the second quarter. American Century Companies Inc. now owns 77,553 shares of the construction company’s stock valued at $1,735,000 after buying an additional 3,673 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Beazer Homes USA

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.