As of Wednesday close, KB Home’s (NYSE:KBH) stock was down -$2.29, moving down -4.26 percent to $51.48. The average number of shares traded per day over the past five days has been 1,087,960 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.54 fall in that time frame. In the last twenty days, the average volume was 1,278,420, while in the previous 50 days, it was 1,755,664.
Since last month, KBH stock retreated -5.99%. Shares of the company fell to $51.47 on 08/16/23, the lowest level in the past month. A 52-week high of $55.37 was reached on 07/20/23 after having rallying from a 52-week low of $25.31. Since the beginning of this year, KBH’s stock price has risen by 61.63% or $19.63, and marked a new high 37 times. However, the stock has declined by -7.03% since its 52-week high.
KBH stock investors should be aware that KB Home (KBH) stock had its last reported insider trading activity 37 days ago on Jul 11. Kaminski Jeff, the EVP & Chief Financial Officer of the company, disposed of 108,396 shares for $51.15 on Jul 11. It resulted in a $5,544,455 divestment by the insider. MEZGER JEFFREY T sold 150,000 shares at an average price of $45.26 on May 16. The insider now owns 1,472,577 shares following the transaction. On Oct 27, EVP, Real Estate & Bus. Dev. PRAW ALBERT Z sold 29,777 shares at $28.77 apiece. The transaction was valued at $856,684.
Valuation Metrics
Right now, KB Home (KBH) has a P/E ratio of about 5.89. The stock’s beta is 1.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.60, the price-to-book (PB) ratio of 1.12, and the price-to-cash flow ratio of 3.92 may also be considered.
The latest dividend of $0.20 per share was paid out, which is 33.33% more than last year’s $0.15. On Thursday July 13 2023, a $0.05 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending May 30 was 0.45, and the total debt-to-equity ratio was 0.45. On the profitability front, the trailing twelve-month gross margin is 42.80% percent. In the year ended May 30, EBITDA margin amounted to 15.75%, whereas operating margins totaled 14.10%. Based on annual data, KBH earned $1.69 billion in gross profit and brought in $6.9 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.50%. Return on equity (ROE) for the past 12 months was 20.70%.
In KB Home’s quarter-end financial report for May 30, it reported total debt of $1.69 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KBH’s revenue rose 2.56% to $1.38 billion during the quarter, while net income inched up to $1.77 billion. While analysts expected KB Home to report $1.33 quarterly earnings, the actual figure was $1.94 per share, beating the consensus estimate by 45.90%. During the quarter, the company generated $219.46 million in EBITDA. The liabilities of KB Home were 2.72 billion at the end of its most recent quarter ended May 30, and its total debt was $1.71 billion. The value of shareholders’ equity is $80.61 million.
Technical Picture
This quick technical analysis looks at KB Home’s (KBH) price momentum. With a historical volatility rate of 30.86%, the RSI 9-day stood at 37.40% on 16 August.
With respect to its five-day moving average, the current KB Home price is down by -4.70% percent or -$2.54. At present, KBH shares trade -5.92% below its 20-day simple moving average and +30.10% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.99% above its SMA50 and +78.75% above its SMA200.
Stochastic coefficient K was 32.31% and Stochastic coefficient D was 28.83%, while ATR was 1.50. Given the Stochastic reading of 0.28% for the 14-day period, the RSI (14) reading has been calculated as 43.39%. As of today, the MACD Oscillator reading stands at -0.66, while the 14-day reading stands at -0.88.
Analyst Ratings
Raymond James upgraded its rating on KB Home (NYSE: KBH) to an Outperform in a note to investors on July 14, 2023. The analysts firm previously had a Mkt perform rating on the stock.KB Home (KBH) has been rated Overweight by analysts. According to 1 brokerage firm, KBH is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate KB Home stock as buy, with 4 recommending it as overweight.
With a median target price of $61.00, the current consensus forecast for the stock is $43.00 – $65.00. Based on these forecasts, analysts predict KB Home (KBH) will achieve an average price target of $57.62.
