Beazer Homes USA (NYSE:BZH) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Beazer Homes USA, Inc. (NYSE:BZH) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.81 and traded as high as $27.78. Beazer Homes USA shares last traded at $27.3740, with a volume of 221,950 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Beazer Homes USA from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 10th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Beazer Homes USA has an average rating of “Hold” and an average price target of $31.33.

Beazer Homes USA Stock Performance

The company has a market cap of $748.13 million, a P/E ratio of -182.49 and a beta of 2.18. The company has a debt-to-equity ratio of 1.05, a current ratio of 15.67 and a quick ratio of 1.32. The business has a 50-day moving average of $23.00 and a two-hundred day moving average of $22.81.

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 the consensus estimate of ($0.72) by $0.69. Beazer Homes USA had a positive return on equity of 0.99% and a negative net margin of 0.18%.The business had revenue of $409.85 million during the quarter, compared to the consensus estimate of $448.79 million. During the same quarter last year, the company earned $0.42 earnings per share. The company’s quarterly revenue was down 27.5% on a year-over-year basis. On average, sell-side analysts predict that Beazer Homes USA, Inc. will post -0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Beazer Homes USA by 93.9% in the 4th quarter. Royal Bank of Canada now owns 1,883 shares of the construction company’s stock valued at $38,000 after buying an additional 912 shares in the last quarter. Osaic Holdings Inc. increased 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 buying an additional 1,724 shares during the last quarter. Comerica Bank acquired a new stake in shares of Beazer Homes USA during the 3rd quarter worth approximately $48,000. Aquatic Capital Management LLC acquired a new stake in shares of Beazer Homes USA during the 3rd quarter worth approximately $70,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Beazer Homes USA by 123.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,500 shares of the construction company’s stock worth $78,000 after buying an additional 1,933 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.