KB Home (NYSE: KBH) is 9.53% higher on its value in year-to-date trading and has touched a low of $33.92 and a high of $69.58 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KBH stock was last observed hovering at around $67.50 in the last trading session, with the day’s gains setting it 0.91%.
Currently trading at $68.41, the stock is 8.41% and 10.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 1.35% at the moment leaves the stock 29.01% off its SMA200. KBH registered 95.51% gain for a year compared to 6-month gain of 39.41%. The firm has a 50-day simple moving average (SMA 50) of $0.96 and a 200-day simple moving average (SMA200) of $7.93.
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The stock witnessed a 15.95% loss in the last 1 month and extending the period to 3 months gives it a 25.06%, and is 6.96% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.82% over the week and 2.29% over the month.
KB Home (KBH) has around 2205 employees, a market worth around $5.19B and $6.41B in sales. Current P/E ratio is 9.72 and Fwd P/E is 8.47. Profit margin for the company is 9.14%. Distance from 52-week low is 101.68% and -1.68% from its 52-week high. The company has generated returns on investments over the last 12 months (10.66%).
KB Home quarterly earnings per share for the current quarter are estimated at $1.57 with sales reaching $1.46B over the same period.The EPS is expected to grow by 6.90% this year, but quarterly earnings will post 2.80% year-over-year.
516 institutions hold shares in KB Home (KBH), with institutional investors hold 119.09% of the company’s shares. The shares outstanding are 75.87M, and float is at 73.08M with Short Float at 8.07%. Institutions hold 102.43% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 10.31 million shares valued at $532.95 million. The investor’s holdings represent 12.99% of the KBH Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 7.56 million shares valued at $390.75 million to account for 9.53% of the shares outstanding. The other top investors are FMR, LLC which holds 6.31 million shares representing 7.96% and valued at over $326.42 million, while Macquarie Group Limited holds 4.52% of the shares totaling 3.58 million with a market value of $185.28 million.
KB Home (KBH) Insider Activity
The most recent transaction is an insider sale by PRAW ALBERT Z, the company’s EVP, Real Estate & Bus. Dev. SEC filings show that PRAW ALBERT Z sold 32,528 shares of the company’s common stock on Feb 14 ’24 at a price of $60.76 per share for a total of $1.98 million. Following the sale, the insider now owns 0.14 million shares.
KB Home disclosed in a document filed with the SEC on Feb 14 ’24 that McGibney Robert V. (President and COO) sold a total of 14,781 shares of the company’s common stock. The trade occurred on Feb 14 ’24 and was made at $60.86 per share for $0.9 million. Following the transaction, the insider now directly holds 26008.0 shares of the KBH stock.
Still, SEC filings show that on Feb 14 ’24, Gabriel Stuart A (Director) disposed off 12,500 shares at an average price of $61.00 for $0.76 million. The insider now directly holds 35,292 shares of KB Home (KBH).
