Very Positive Press Coverage Likely to Impact KB Home (KBH) Stock Price
Media headlines about KB Home (NYSE:KBH) have been trending very positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. KB Home earned a media sentiment score of 0.56 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 68 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- A Look at Medium Range Signals For KB Home (KBH) – Wall Street Review (thewallstreetreview.com)
- KB Home (NYSE:KBH) Sees Unusual Trading Volume in Its Shares – Modern Readers (modernreaders.com)
- KB Home (NYSE:KBH), AMC Entertainment Holdings, Inc. (NYSE:AMC) Valuation Takes Center Stage – Evergreen Caller (evergreencaller.com)
- KB Home Announces the Grand Opening of Greenlawn Village in Round Rock – Business Wire (press release) (businesswire.com)
- KB Home (KBH) and The Kraft Heinz Company (KHC) Listed in Aggressive Stocks – Investing News Update (investingbizz.com)
Several equities research analysts have commented on KBH shares. Deutsche Bank AG increased their price objective on shares of KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, June 30th. Wedbush decreased their price objective on shares of KB Home from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, June 15th. Credit Suisse Group began coverage on shares of KB Home in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $23.00 price objective for the company. Barclays PLC reissued a “sell” rating and set a $17.00 target price on shares of KB Home in a research report on Friday, June 30th. Finally, MKM Partners raised shares of KB Home to a “hold” rating and increased their target price for the company from $20.00 to $24.00 in a research report on Tuesday, June 27th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $19.63.
Shares of KB Home (KBH) traded up 0.38% on Monday, reaching $23.52. 1,021,725 shares of the company’s stock traded hands. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 18.12 and a beta of 1.62. The firm’s 50-day moving average is $23.15 and its 200-day moving average is $20.17. KB Home has a 52-week low of $14.06 and a 52-week high of $24.37.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $929.85 million. KB Home had a net margin of 3.13% and a return on equity of 7.11%. The company’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. Analysts anticipate that KB Home will post $1.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be given a $0.025 dividend. The ex-dividend date of this dividend is Tuesday, August 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.43%. KB Home’s payout ratio is currently 7.69%.
In other KB Home news, CFO Jeff Kaminski sold 163,017 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $23.40, for a total value of $3,814,597.80. Following the completion of the transaction, the chief financial officer now directly owns 178,251 shares in the company, valued at $4,171,073.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.60% of the company’s stock.
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.
Receive News & Stock Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related stocks with our FREE daily email newsletter.