Somewhat Favorable News Coverage Somewhat Unlikely to Affect KB Home (KBH) Share Price
Media coverage about KB Home (NYSE:KBH) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KB Home earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.3789752885286 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- KB Home (KBH) Given “Outperform” Rating at Wedbush (americanbankingnews.com)
- Fitch Lifts Outlook on KB Home – Barron’s (barrons.com)
- Homebuilders Surge Despite Housing Unaffordability (seekingalpha.com)
- KB Opens 95-Home Community in Tucson (builderonline.com)
- KB Home Announces the Grand Opening of Montaretto Estates (finance.yahoo.com)
Several research firms have recently commented on KBH. Barclays PLC cut shares of KB Home to a “sell” rating in a research note on Tuesday, July 11th. Mizuho cut shares of KB Home from a “neutral” rating to an “underperform” rating and set a $21.00 target price for the company. in a research note on Monday, July 10th. Deutsche Bank AG raised their target price on shares of KB Home from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, June 30th. MKM Partners upgraded shares of KB Home to a “hold” rating and raised their target price for the stock from $20.00 to $24.00 in a research note on Tuesday, June 27th. Finally, Bank of America Corporation raised their target price on shares of KB Home from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 28th. Five investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.88.
KB Home (NYSE KBH) traded down 0.94% during trading on Friday, reaching $21.19. 2,839,263 shares of the company’s stock traded hands. KB Home has a 12 month low of $14.06 and a 12 month high of $24.37. The stock has a market capitalization of $1.81 billion, a P/E ratio of 16.33 and a beta of 1.60. The company has a 50-day moving average of $22.24 and a 200 day moving average of $21.36.
KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, June 27th. The construction company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.07. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $929.85 million. KB Home had a net margin of 3.13% and a return on equity of 7.11%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, equities research analysts expect that KB Home will post $1.71 earnings per share for the current fiscal year.
In other KB Home news, SVP William R. Hollinger sold 57,405 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total value of $1,331,221.95. Following the completion of the sale, the senior vice president now directly owns 214,306 shares of the company’s stock, valued at approximately $4,969,756.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeff Kaminski sold 163,017 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $23.40, for a total transaction of $3,814,597.80. Following the completion of the sale, the chief financial officer now directly owns 178,251 shares of the company’s stock, valued at $4,171,073.40. The disclosure for this sale can be found here. Insiders sold a total of 620,422 shares of company stock valued at $14,269,820 over the last three months. 8.60% of the stock is owned by corporate insiders.
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KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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