KB Home (KBH) was Downgraded by UBS to ” Sell” while Lowering the Price Target of the company shares to $ 11 from a previous price target of $13 . Earlier the firm had a rating of “Neutral ” on the company shares. UBS advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on KB Home. KB Home was Downgraded by FBN Securities to ” Sector Perform” on Apr 18, 2016. Company shares were Reiterated by Deutsche Bank on Apr 4, 2016 to “Hold”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .Company shares were Reiterated by UBS on Mar 24, 2016 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $11 .
On the company’s financial health, KB Home reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 23, 2016. Analyst had a consensus of $0.11. The company had revenue of $678.40 million for the quarter, compared to analysts expectations of $639.01 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS.
KB Home opened for trading at $13.63 and hit $13.8316 on the upside on Monday, eventually ending the session at $13.8, with a gain of 1.69% or 0.23 points. The heightened volatility saw the trading volume jump to 21,75,582 shares. Company has a market cap of $1,161 M.
In a different news, on Apr 28, 2015, Nicholas S Franklin (EVP, Strategic Operations) purchased 5,000 shares at $14.76 per share price.
KB Home is a homebuilding company that constructs and sells homes through its operating divisions under the name KB Home. The Company operates through five operating segments which includes four homebuilding segments and one financial services segment. The Company’s homebuilding operations are organized into four segments: West Coast Southwest Central and Southeast. The Company delivered approximately 7215 homes through its four homebuilding segments. The Company’s financial services segment offers property and casualty insurance and in certain instances earthquake flood and personal property insurance to its homebuyers. The Company also provides title services in the majority of its markets located within Central and Southeast homebuilding reporting segments. This segment also offers mortgage banking services including residential consumer mortgage loan originations to its homebuyers indirectly through Home Community Mortgage LLC (HCM).