Streetbeat News

KBH

KB Home

https://www.kbhome.com

Industry

Residential Construction

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers. The company also offers financial services, such as insurance products and title services. It has operations in Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.

Open

79.15

Mkt cap

5.8B

Volume

683K

High

79.15

P/E Ratio

10.07

52-wk high

89.70

Low

77.40

Div yield

0.01

52-wk low

51.53

KB Home (NYSE:KBH) is scheduled to release its quarterly earnings report on March 20, 2024, with analysts expecting an EPS of $1.57. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter beating EPS estimates by $0.16 but resulting in a 1.23% drop in share price the next day. KB Home's stock has seen an 83.53% increase over the last 52 weeks, trading at $67.06 as of March 18.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 2:01 pm

Shares of homebuilders and housing stocks, including Lennar, are trading lower after Lennar reported mixed Q1 financial results. The sector is also impacted by a larger-than-expected Producer Price Index (PPI) increase, indicating potential inflationary pressures that could affect consumer spending and interest rates, further influencing the housing market.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 2:32 pm

Shares of homebuilders and housing-related stocks, including DHI, KBH, LEN, PHM, and TOL, are trading higher following a drop in mortgage rates. This decrease in mortgage rates could be making home buying more accessible, thus potentially increasing demand for new homes.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 7:35 pm

Shares of companies in the consumer discretionary sector, including ADT, AENT, BALY, and others, are trading lower due to January CPI data indicating a higher-than-expected inflation rise.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:52 pm

Recent insider sales have been reported for DoorDash, KB Home, Interactive Brokers, and Huntington Bancshares. These sales come amidst various company-specific news, such as analyst ratings, executive promotions, and earnings reports. While insider sales can indicate various sentiments about a company's stock, they are not the sole factor to consider for investment decisions.

Portfolio Pulse from Avi Kapoor

February 02, 2024 | 12:40 pm

The article provides an overview of value stocks in the consumer cyclical sector, highlighting companies with low P/E multiples, indicating potential undervaluation. Notable stocks mentioned include Green Brick Partners (GRBK), KB Home (KBH), Golden Entertainment (GDEN), Taylor Morrison Home (TMHC), and Legacy Housing (LEGH). The article details recent changes in earnings per share and dividend yields for these companies, suggesting that while they may be undervalued, there is a risk that they may not rebound as expected.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 2:43 pm

KB Home has announced the promotion of Robert McGibney to President while retaining his current role as COO, effective February 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:38 pm

Shares of housing and homebuilders are down following D.R. Horton's mixed Q1 results, indicating a potential negative market sentiment towards the sector.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:36 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies. Keybanc raised Arista Networks' target, HC Wainwright increased Invivyd's target, and B of A Securities upgraded Apple and raised its target. Citigroup downgraded Spirit Airlines with a lower target, Keefe, Bruyette & Woods downgraded Charles Schwab, and Piper Sandler upgraded Tempur Sealy with a higher target. Needham raised Impinj's target, Barclays increased Shopify's target, Morgan Stanley upgraded Hertz Global with a lower target, and Raymond James raised KB Home's target.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 12:50 pm

Raymond James analyst Buck Horne has maintained an Outperform rating on KB Home (NYSE:KBH) and increased the price target from $61 to $70.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 9:32 am

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