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

Key Points

• Beazer Homes shares crossed above their 200-day moving average of $25.84, reaching $33.23 and last trading at $33.15 on volume of about 501,000 shares.
• Analyst sentiment remains mixed: recent upgrades and downgrades leave the stock with a consensus “Hold” rating from MarketBeat.
• The company beat quarterly EPS and revenue expectations, reporting a $0.16 loss per share versus estimates of a $0.34 loss and $516.31 million in revenue, though revenue declined 5.3% year over year.

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.84 and traded as high as $33.23. Beazer Homes USA shares last traded at $33.15, with a volume of 500,976 shares.

Wall Street Analysts Forecast Growth

BZH has been the topic of several analyst reports. Zacks Research upgraded shares of Beazer Homes USA from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. Texas Capital lowered Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Wall Street Zen cut Beazer Homes USA from a "sell" rating to a "strong sell" rating in a report on Sunday, May 10th. Weiss Ratings downgraded Beazer Homes USA from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Finally, Oppenheimer lowered Beazer Homes USA from an "outperform" rating to a "market perform" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Beazer Homes USA Price Performance

The company has a debt-to-equity ratio of 1.23, a current ratio of 14.64 and a quick ratio of 1.28. The firm has a 50-day moving average of $30.93 and a 200-day moving average of $25.84. The stock has a market cap of $884.44 million, a PE ratio of -110.50 and a beta of 2.17.

Beazer Homes USA (NYSE:BZH - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The construction company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.18. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%.The company had revenue of $516.31 million for the quarter, compared to analysts' expectations of $510.55 million. During the same period in the previous year, the firm earned $0.26 EPS. The firm's revenue was down 5.3% compared to the same quarter last year. Research analysts predict that Beazer Homes USA, Inc. will post -0.33 EPS for the current year.

Hedge Funds Weigh In On Beazer Homes USA

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

Beazer Homes USA Company Profile

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.

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