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

Key Points

• Beazer Homes USA's stock has crossed above its 200-day moving average, trading at $25.01 after reaching a high of $25.56, indicating positive momentum in the market.
• The company reported a missed earnings estimate of $0.26 per share for the last quarter, falling short of the consensus estimate of $0.42, with revenue also down 8.4% year-over-year.
• Brokerage ratings vary, with two analysts giving a Buy rating and others a Hold rating, resulting in a consensus rating of "Moderate Buy" with an average target price of $31.33 for BZH stock.

Shares of Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) crossed 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.

Analyst Upgrades and Downgrades

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

Beazer Homes USA Stock Up 1.4%

The stock has a market capitalization of $743.43 million, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.65 and a beta of 2.17. The firm has a 50-day moving average of $24.83 and a 200 day moving average of $22.59. The company has a current ratio of 13.33, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.16). Beazer Homes USA had a net margin of 2.84% and a return on equity of 6.16%. The firm had revenue of $545.37 million during the quarter, compared to analyst estimates of $565.47 million. During the same period last year, the business earned $0.88 EPS. The firm's revenue was down 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Beazer Homes USA, Inc. will post 3.48 earnings per share for the current year.

Institutional Trading of Beazer Homes USA

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Beazer Homes USA by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,836,033 shares of the construction company's stock valued at $37,437,000 after purchasing an additional 7,475 shares in the last quarter. Boston Partners grew its position in shares of Beazer Homes USA by 0.9% during the second quarter. Boston Partners now owns 1,122,703 shares of the construction company's stock worth $25,256,000 after buying an additional 9,807 shares in the last quarter. Winslow Asset Management Inc. increased its stake in shares of Beazer Homes USA by 2.3% in the second quarter. Winslow Asset Management Inc. now owns 488,430 shares of the construction company's stock worth $10,926,000 after buying an additional 10,899 shares during the last quarter. LSV Asset Management raised its holdings in Beazer Homes USA by 11.9% in the second quarter. LSV Asset Management now owns 360,651 shares of the construction company's stock valued at $8,068,000 after acquiring an additional 38,495 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Beazer Homes USA by 11.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 345,613 shares of the construction company's stock valued at $7,047,000 after acquiring an additional 35,901 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.

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