Beazer Homes USA (NYSE:BZH) Stock Breaks Above 200 Day Moving Average – Time to Sell?

Beazer Homes USA, Inc. (NYSE:BZH)’s share price crossed 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.

Analyst Upgrades and Downgrades

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

Beazer Homes USA Stock Up 0.0%

The stock has a fifty day moving average of $33.31 and a 200-day moving average of $29.08. The firm has a market capitalization of $893.38 million, a price-to-earnings ratio of -111.62, a PEG ratio of 1.64 and a beta of 2.19. The company has a current ratio of 14.64, a quick ratio of 1.28 and a debt-to-equity ratio of 1.23.

Beazer Homes USA (NYSE:BZH) last posted its quarterly earnings data 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 negative net margin of 0.37% and a positive return on equity of 0.18%. The firm had revenue of $516.31 million during the quarter, compared to analyst estimates of $510.55 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue was down 5.3% on a year-over-year basis. As a group, sell-side analysts expect that Beazer Homes USA, Inc. will post -0.67 EPS for the current year.

Institutional Investors Weigh In On Beazer Homes USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in Beazer Homes USA by 37.8% in 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. Public Employees Retirement System of Ohio bought a new position in shares of Beazer Homes USA during the second quarter valued at $56,000. Fortitude Family Office LLC acquired a new stake in shares of Beazer Homes USA during the third quarter worth approximately $68,000. Pension & Wealth Management Advisors Inc. bought a new position in shares of Beazer Homes USA in the third quarter worth about $70,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Beazer Homes USA by 130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,156 shares of the construction company’s stock valued at $139,000 after purchasing an additional 2,352 shares during 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 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.