Beazer Homes USA (NYSE:BZH) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.71 and traded as high as $24.45. Beazer Homes USA shares last traded at $24.38, with a volume of 327,523 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BZH. B. Riley began coverage on shares of Beazer Homes USA in a research report on Monday, June 30th. They issued a "neutral" rating and a $23.00 target price on the stock. Oppenheimer reissued an "outperform" rating and set a $33.00 price target (down from $37.00) on shares of Beazer Homes USA in a research report on Tuesday, April 29th. Finally, Wedbush reissued an "outperform" rating and issued a $41.00 price objective (down from $45.00) on shares of Beazer Homes USA in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Beazer Homes USA currently has an average rating of "Hold" and an average price target of $32.33.

Beazer Homes USA Trading Up 1.3%

The stock has a market cap of $746.90 million, a P/E ratio of 7.98, a PEG ratio of 0.64 and a beta of 2.09. The firm's 50-day simple moving average is $21.88 and its 200 day simple moving average is $22.71. The company has a current ratio of 13.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.88.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its earnings results on Thursday, May 1st. The construction company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.26 by $0.16. The firm had revenue of $565.34 million for the quarter, compared to analysts' expectations of $543.60 million. Beazer Homes USA had a net margin of 3.91% and a return on equity of 7.81%. Beazer Homes USA's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. As a group, equities research analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Insider Transactions at Beazer Homes USA

In other Beazer Homes USA news, Director John J. Kelley III bought 10,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $21.50 per share, with a total value of $215,000.00. Following the completion of the purchase, the director directly owned 15,917 shares in the company, valued at approximately $342,215.50. This trade represents a 169.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 6.52% of the stock is currently owned by insiders.

Institutional Trading of Beazer Homes USA

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its position in shares of Beazer Homes USA by 776.2% in the fourth quarter. Sterling Capital Management LLC now owns 920 shares of the construction company's stock worth $25,000 after buying an additional 815 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Beazer Homes USA during the 4th quarter worth $34,000. Quarry LP acquired a new position in Beazer Homes USA during the fourth quarter worth $69,000. US Bancorp DE lifted its holdings in Beazer Homes USA by 48.1% in the 1st quarter. US Bancorp DE now owns 2,523 shares of the construction company's stock worth $51,000 after purchasing an additional 819 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Beazer Homes USA by 148.4% during the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock worth $82,000 after buying an additional 2,391 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Beazer Homes USA Company Profile

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.