KB Home (NYSE:KBH) finished Wednesday with a subtraction of -$0.64 to close at $28.02, a downside of -2.23 percent. An average of 2,418,980 shares of common stock have been traded in the last five days. There was a gain of $0.29 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 1,593,225 shares traded, while the 50-day average volume stands at 1,376,318.
KBH stock has decreased by -6.13% in the last month. The company shares reached their 1-month lowest point of $27.32 on 09/14/22. With the stock rallying to its 52-week high on 01/14/22, shares of the company touched a low of $24.78 and a high of $50.20 in 52 weeks. It has reached a new high 3 times so far this year and lost -37.36% or -$16.71 in price. In spite of this, the price is down -44.18% from the 52-week high.
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314 days have passed since KB Home (KBH) last reported insider trading activity. MEZGER JEFFREY T, who is President and CEO, most recently acquired $79,718 shares at $42.28 per share on Nov 12. In this transaction, the insider spent $3,370,477. President and CEO, MEZGER JEFFREY T, disposed of 121,408 shares at a price of $41.90 on Nov 11. The insider now owns more than $5,086,995 worth of shares. Prior to that, President and CEO MEZGER JEFFREY T went on to Sale 90,910 shares at $41.93 each on Nov 10. An amount of $3,812,160 was transacted.
KB Home (KBH) has a trailing price-to-earnings (P/E) ratio of 3.84. The stock’s beta is 1.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.38, the price-to-book (PB) ratio at 0.75.
The company has a payout ratio of 8.00%. The company’s most recent quarterly dividend payment was $0.15 a share, without any change from last year. Its latest increase dividend $0.06 reported on Monday October 12 2020.
Further, the company has a long term debt to equity ratio of 0.63 and a total debt to equity ratio of 0.63 for the quarter ending May 30. Its gross profit as reported stood at $1.26 billion compared to revenue of $5.72 billion.
For the three-month period that ended May 30, KB Home had $2.09 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $210.67 million in the quarter, while revenues of $134.26 million were grew 31.95%. The analyst consensus anticipated KB Home’s latest quarter earnings to come in at $2.03 per share, but it turned out to be $2.32, a 14.30% surprise. For the quarter, EBITDA amounted to $278.19 million. Shareholders own equity worth $87.17 million.
From a technical analysis perspective, let’s take a brief look at KB Home (KBH) price momentum. RSI 9-day as of the close on 21 September was 41.39%, suggesting the stock is Neutral, with historical volatility in this time frame at 49.55%.
As of today, KBH’s price is $28.41 +1.05% or $0.29 from its 5-day moving average. KBH is currently trading -5.85% lower than its 20-day SMA and -17.97% lower than its 100-day SMA. However, the stock’s current price level is -7.80% below the SMA50 and -33.62% below the SMA200.
The stochastic %K and %D were 42.05% and 40.95%, respectively, and the average true range (ATR) was 1.12. With the 14-day stochastic at 22.20% and the average true range at 1.12, the RSI (14) stands at 41.69%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at 0.20.
KeyBanc Capital Markets upgraded KB Home (NYSE: KBH) to a a Sector weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for KB Home (KBH) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell KBH, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is KBH’s price target for the next 12 months?
Analysts predict a range of price targets between $24.00 and $60.00, with a median target of $35.00. Taking a look at these predictions, the average price target given by analysts for KB Home (KBH) stock is $38.77.