Beazer Homes USA (NYSE:BZH) Shares Pass Above 200-Day Moving Average - Here's What Happened

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Oppenheimer restated 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. Wedbush restated an "outperform" rating and issued a $41.00 price target (down previously from $45.00) on shares of Beazer Homes USA in a research note on Friday, May 2nd. Finally, B. Riley began coverage on Beazer Homes USA in a research note on Monday, June 30th. They set a "neutral" rating and a $23.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $32.33.

Beazer Homes USA Stock Down 1.1%

The firm has a market cap of $738.62 million, a P/E ratio of 7.89, a price-to-earnings-growth ratio of 0.68 and a beta of 2.09. The company has a quick ratio of 0.96, a current ratio of 13.07 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $22.05 and a 200-day simple moving average of $22.66.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The construction company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.16. The firm had revenue of $565.34 million during the quarter, compared to analyst estimates of $543.60 million. Beazer Homes USA had a return on equity of 7.81% and a net margin of 3.91%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.26 earnings per share. On average, equities analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Insider Activity at Beazer Homes USA

In other news, Director John J. Kelley III bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average cost of $21.50 per share, for a total transaction of $215,000.00. Following the completion of the transaction, the director owned 15,917 shares of the company's stock, valued at approximately $342,215.50. This represents a 169.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 6.52% of the company's stock.

Institutional Investors Weigh In On Beazer Homes USA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its stake in 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 purchasing an additional 815 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Beazer Homes USA in the 4th quarter worth $34,000. Quarry LP acquired a new stake in shares of Beazer Homes USA in the 4th quarter worth $69,000. US Bancorp DE raised its stake 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 acquiring an additional 819 shares during the last quarter. Finally, CWM LLC raised its stake in Beazer Homes USA by 148.4% in the 1st quarter. CWM LLC now owns 4,002 shares of the construction company's stock worth $82,000 after acquiring an additional 2,391 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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.