Beazer Homes USA (NYSE:BZH) Stock Breaks Above Two Hundred Day Moving Average - Here's Why

Key Points

• Beazer Homes shares broke above their 200-day moving average, reaching $33.49 compared with the $28.98 average, on trading volume of roughly 2.5 million shares.
• Analysts have generally become less bullish: three rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating.
• The company exceeded quarterly expectations, reporting an adjusted loss of $0.16 per share versus the expected $0.34 loss and revenue of $516.31 million, though sales fell 5.3% year over year.

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $28.98 and traded as high as $33.49. Beazer Homes USA shares last traded at $33.4850, with a volume of 2,514,082 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BZH shares. Texas Capital cut Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Oppenheimer lowered shares of Beazer Homes USA from an "outperform" rating to a "market perform" rating in a research report on Friday, August 7th. Zacks Research cut shares of Beazer Homes USA from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 1st. Finally, Weiss Ratings raised shares of Beazer Homes USA from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 26th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Beazer Homes USA currently has a consensus rating of "Reduce".

Beazer Homes USA Stock Up 0.0%

The firm's 50 day simple moving average is $33.31 and its 200 day simple moving average is $28.98. The company has a market cap of $893.38 million, a price-to-earnings ratio of -111.62, a price-to-earnings-growth ratio of 1.64 and a beta of 2.19. The company has a quick ratio of 1.28, a current ratio of 14.64 and a debt-to-equity ratio of 1.23.

Beazer Homes USA (NYSE:BZH - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The construction company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.18. The business had revenue of $516.31 million during the quarter, compared to the consensus estimate of $510.55 million. Beazer Homes USA had a positive return on equity of 0.18% and a negative net margin of 0.37%. The business's revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Sell-side analysts anticipate that Beazer Homes USA, Inc. will post -0.67 EPS for the current fiscal year.

Institutional Trading of Beazer Homes USA

A number of institutional investors have recently made changes to their positions in the stock. Pension & Wealth Management Advisors Inc. bought a new position in shares of Beazer Homes USA in the third quarter valued at approximately $70,000. Fortitude Family Office LLC acquired a new position in shares of Beazer Homes USA during the third quarter valued at approximately $68,000. GAMMA Investing LLC raised its holdings in Beazer Homes USA by 37.8% during the third quarter. GAMMA Investing LLC now owns 1,360 shares of the construction company's stock worth $45,000 after purchasing an additional 373 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Beazer Homes USA by 130.4% during the third quarter. Farther Finance Advisors LLC now owns 4,156 shares of the construction company's stock worth $139,000 after purchasing an additional 2,352 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new stake in Beazer Homes USA during the second quarter worth approximately $141,000. 85.65% of the stock is owned by institutional investors and hedge funds.

About Beazer Homes USA

Beazer Homes USA, Inc is a residential homebuilder headquartered in Atlanta, Georgia. The company designs, constructs and sells single-family homes for first-time, move-up and active-adult buyers, offering homes in a range of sizes, styles and price points. Its communities typically include features such as energy-efficient construction, modern floor plans and opportunities for buyers to personalize finishes and options.

Beazer operates through regional divisions in selected markets across the United States, including areas in the Southeast, Mid-Atlantic, Texas, the Southwest and other high-growth metropolitan regions.

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