KB Home (KBH) was Initiated by Wells Fargo to “Market Perform”. Wells Fargo advised their investors in a research report released on Sep 29, 2016.
Many Wall Street Analysts have commented on KB Home. Company shares were Reiterated by RBC Capital Mkts on Sep 21, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .Wedbush Initiated KB Home on Sep 20, 2016 to “Outperform”, Price Target of the shares are set at $22.KB Home was Upgraded by Buckingham Research to ” Buy” on Sep 19, 2016.
On the company’s financial health, KB Home reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Sep 20, 2016. Analyst had a consensus of $0.39. The company had revenue of $913.30 million for the quarter, compared to analysts expectations of $942.87 million. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
KB Home opened for trading at $16.03 and hit $16.55 on the upside on Tuesday, eventually ending the session at $16.41, with a gain of 2.12% or 0.34 points. The heightened volatility saw the trading volume jump to 38,54,983 shares. Company has a market cap of $1,382 M.
In a different news, on Jul 27, 2016, Jeffrey T Mezger (President and CEO) sold 500,000 shares at $16.47 per share price. According to the SEC, 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).