KB Home (NYSE:KBH) has climbed 0.71% in the past week and advanced 10.45% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.91% and the outperformance has advanced to 9.44% for the last 4 weeks period.
KB Home (NYSE:KBH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.98 and $13.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.27, notching a gain of 1.28% for the day. The total traded volume was 3,180,484 . The stock had closed at $14.09 on the previous day.
The company shares have dropped -12.83% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $17.42 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.54 and the 200 Day Moving Average price is recorded at $12.74.
On the companys insider trading activities, Franklin Nicholas S, officer (EVP, Strategic Operations) of Kb Home, executed a transaction worth $73,800 on April 27, 2015. A total of 5,000 shares were purchased at an average price of $14.76. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, UBS downgrades its outlook on KB Home (NYSE:KBH). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on May 3, 2016. Currently the company Insiders own 8.6% of KB Home shares according to the proxy statements. Institutional Investors own 95.23% of KB Home shares. During last six month period, the net percent change held by insiders has seen a change of 4524.89%.
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 Companys homebuilding operations are organized into four segments: West Coast, Southwest, Central and Southeast. The Company delivered approximately 7,215 homes through its four homebuilding segments. The Companys 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).