|Bid||26.42 x 1200|
|Ask||0.00 x 800|
|Day's Range||26.32 - 26.95|
|52 Week Range||16.82 - 28.34|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||9.96|
|Earnings Date||Jun 26, 2019 - Jul 1, 2019|
|Forward Dividend & Yield||0.10 (0.39%)|
|1y Target Est||26.00|
California-based KB Home (NYSE: KBH) recently added about 1,600 lots for new homes around town, expanding its portfolio where it builds to 35 Houston-area communities. The national builder will open a new Rosenberg development called Bryan Crossing later this summer. Brett Dietz, KB Home’s new Houston division president, told the Houston Business Journal last November he wanted to see the national homebuilder rank among the top three in Houston for home closings and wants to expand the number of communities KB Home builds in from 25 to 45 within the next three years.
Check out the companies making headlines midday Thursday:Citigroup C , J.P. Morgan Chase JPM , Bank of America BAC — Bank shares rose as Treasury yields got a boost from better-than-expected economic data.
Residential starts increased 5.7% to a 1.24 million annualized rate after a 1.7% gain in March that was previously reported as a drop, according to government figures released Thursday. Permits, a proxy for future construction, advanced 0.6% to a 1.30 million rate. Key InsightsStarts and permits were both the strongest in three months, suggesting a brighter outlook for the sector amid lower mortgage rates and the Federal Reserve’s patience on borrowing costs.
was upgraded to outperform from sector perform at RBC Capital Markets and the firm increased its price target on the homebuilder by $5 to $30. KB Home shares rose 2.5% to $27.47 in trading Thursday. Analyst Mike Dahl cited an improvement in the company's pricing dynamics, saying that more pricing power will lead to better margins in the second half of the year for KB Home.
Homebuilder KB Home (NYSE: KBH ) is seeing recovery in key markets and better pricing, leading RBC to upgrade the stock. The Analyst RBC’s Mike Dahl upgraded KBH from Sector Perform to Outperform and raised ...
RBC Capital Markets argues that even after a strong 2019 run, the home builder is set for solid gains in the second half of the year.
KB Home (KBH) today announced the grand opening of Hammond Farm, its latest collection of new single-family homes in Berthoud. At Hammond Farm, KB Home will construct 62 one- and two-story new homes and offer eight distinct floor plans. Residents of Hammond Farm can enjoy a plethora of recreational amenities within the Berthoud area including the TPC® Colorado at Heron Lakes golf course, a skate park, swimming pool, baseball and soccer fields, and basketball and sand volleyball courts.
KB Home (KBH) today announced that Terra de Oro, its latest collection of new single-family homes in Goodyear, is now open for sales. At Terra de Oro, KB Home will construct 52 single-story homes and offer five distinct floor plans. Residents of Terra de Oro can enjoy planned community amenities, including a playground and greenbelts.
KB Home stock should gain because its multiple hasn’t caught up with a stabilizing housing market, Barclays says. But that isn’t the case for all home builders.
KB Home (KBH) today announced the grand opening of Sky Ranch, its latest collection of new single-family homes situated in east Aurora. Located near Interstate 70 and E-470, Sky Ranch is convenient to Denver International Airport, Denver Technological Center and downtown Denver. At Sky Ranch, KB Home will construct 149 one- and two-story new homes and offer 10 distinct floor plans.
KB Home (KBH) today announced the grand opening of Primrose, its latest collection of new single-family homes in Riverside. Situated off Highway 91, Primrose is convenient to the Riverside-Downtown Metrolink® Station, as well as the Kaiser Permanente® Riverside Medical Center and University of California, Riverside. At Primrose, KB Home will construct 63 two-story homes in three distinct floor plans.
KB Home NYSE:KBHView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low and declining Bearish sentimentShort interest | PositiveShort interest is low for KBH with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 3. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $651 million over the last one-month into ETFs that hold KBH are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. KBH credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Single-family housing starts remain well below potential despite the slowdown in the rise in home prices. The National Association of Home Builders announced April 16 that its Housing Market Index for April rose a point to 63. On April 22, the U.S. Census Bureau and the Department on Housing and Urban Development released housing starts for March.
KB Home (KBH) today announced the grand opening of Genoa at Orchard Hills, an enclave of luxury residences situated in the popular Orchard Hills master-planned community. The gated neighborhood offers a private entry and is adjacent to Meadows at the Groves, which features resort-style amenities, including world-class swimming pools, a spa, beautifully designed parks, picturesque trails and scenic paseos. Located within the Villages of Irvine® and just minutes from the Newport Beach coastline, Genoa at Orchard Hills is also surrounded by excellent dining and entertainment.
KB Home (KBH) today announced the grand opening of Estrella Estates, its latest collection of new single-family homes in Northwest Tucson. The community’s commuter friendly location offers easy access to Interstate 10 and Tucson’s major employment centers, and is convenient to area dining, shopping and entertainment. At Estrella Estates, KB Home will construct 52 one- and two-story homes and offer six distinct floor plans.
The market has been volatile in the fourth quarter as the Federal Reserve continued its rate hikes to normalize the interest rates. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by nearly 7 percentage points. SEC filings and hedge […]
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