Beazer Homes USA (NYSE:BZH) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Beazer Homes USA, Inc. (NYSE:BZH - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.79 and traded as high as $33.71. Beazer Homes USA shares last traded at $33.54, with a volume of 231,278 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BZH shares. B. Riley cut their target price on Beazer Homes USA from $38.00 to $37.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. Wedbush raised Beazer Homes USA from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $41.00 to $45.00 in a research note on Thursday, September 5th. StockNews.com downgraded Beazer Homes USA from a "hold" rating to a "sell" rating in a research note on Monday, August 5th. Finally, Zelman & Associates reaffirmed an "underperform" rating on shares of Beazer Homes USA in a research note on Tuesday, September 17th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.67.

Beazer Homes USA Trading Down 0.7 %

The firm has a market capitalization of $1.05 billion, a PE ratio of 6.43, a PEG ratio of 1.35 and a beta of 2.17. The company has a current ratio of 12.42, a quick ratio of 0.92 and a debt-to-equity ratio of 0.91. The business has a fifty day moving average price of $31.70 and a two-hundred day moving average price of $29.82.

Beazer Homes USA (NYSE:BZH - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. The business had revenue of $595.68 million during the quarter, compared to analysts' expectations of $597.67 million. Beazer Homes USA had a return on equity of 12.61% and a net margin of 6.63%. The company's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.24 EPS. Analysts expect that Beazer Homes USA, Inc. will post 4.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Beazer Homes USA

A number of hedge funds have recently modified their holdings of the business. Innealta Capital LLC purchased a new position in Beazer Homes USA during the 2nd quarter valued at about $88,000. Capstone Investment Advisors LLC boosted its holdings in Beazer Homes USA by 8.2% during the 1st quarter. Capstone Investment Advisors LLC now owns 7,071 shares of the construction company's stock valued at $232,000 after acquiring an additional 533 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Beazer Homes USA by 10.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,982 shares of the construction company's stock valued at $274,000 after acquiring an additional 967 shares during the period. Creative Planning purchased a new position in Beazer Homes USA during the 3rd quarter valued at about $286,000. Finally, DGS Capital Management LLC boosted its holdings in Beazer Homes USA by 4.1% during the 1st quarter. DGS Capital Management LLC now owns 9,817 shares of the construction company's stock valued at $322,000 after acquiring an additional 386 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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.