As of Wednesday close, KB Home’s (NYSE:KBH) stock was up $1.45, moving up 2.94 percent to $50.85. The average number of shares traded per day over the past five days has been 1,012,820 shares. 2 times new highs have been achieved over the past 5 days, with a $1.50 gain in that time frame. In the last twenty days, the average volume was 1,172,845, while in the previous 50 days, it was 1,675,368.
Since last month, KBH stock retreated -7.33%. Shares of the company fell to $46.62 on 08/25/23, 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 59.65% or $19.00, and marked a new high 37 times. However, the stock has declined by -8.16% since its 52-week high.
KBH stock investors should be aware that KB Home (KBH) stock had its last reported insider trading activity 14 days ago on Aug 17. HOLLINGER WILLIAM R, the SVP & Chief Accounting Officer of the company, disposed of 4,529 shares for $50.65 on Aug 17. It resulted in a $229,394 divestment by the insider. Woram Brian J sold 40,000 shares at an average price of $52.80 on Aug 16. The insider now owns 158,654 shares following the transaction. On Aug 16, Director LORA MELISSA sold 9,649 shares at $53.19 apiece. The transaction was valued at $513,230.
Valuation Metrics
Right now, KB Home (KBH) has a P/E ratio of about 5.82. The stock’s beta is 1.68. Besides these, the trailing price-to-sales (P/S) ratio of 0.60, the price-to-book (PB) ratio of 1.10, and the price-to-cash flow ratio of 3.90 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 25.26%, the RSI 9-day stood at 53.51% on 30 August.
With respect to its five-day moving average, the current KB Home price is up by +3.04% percent or $1.50. At present, KBH shares trade -6.46% below its 20-day simple moving average and +32.42% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.39% below its SMA50 and +63.87% above its SMA200.
Stochastic coefficient K was 34.54% and Stochastic coefficient D was 23.88%, while ATR was 1.62. Given the Stochastic reading of 53.28% for the 14-day period, the RSI (14) reading has been calculated as 49.89%. As of today, the MACD Oscillator reading stands at 0.43, while the 14-day reading stands at -0.62.
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.
