|Bid||24.44 x 2200|
|Ask||0.00 x 4000|
|Day's Range||25.28 - 26.10|
|52 Week Range||20.68 - 38.80|
|PE Ratio (TTM)||25.78|
|Forward Dividend & Yield||0.10 (0.38%)|
|1y Target Est||N/A|
KB Home (NYSE:KBH), a consumer durables company based in United States, received a lot of attention from a substantial price movement on the NYSE over the last few months, increasingRead More...
Housing market index falls two points from the prior month in June. Nonetheless, homebuilders remain confident about the upcoming period, given higher demand.
Although home prices continue to rise, rising interest rates set the stage for a sudden squelching of demand that could gouge prices. At the same time, while home prices have grown tremendously since 2011, that growth may have been more a function of limited supply than overwhelming demand. If the supply spigots suddenly get turned on by home builders, like KB Home (NYSE:KBH) or Beazer Homes USA, Inc. (NYSE:BZH), that finally break their self-imposed discipline, that too could drag new home buyers underwater shortly after taking on a home loan.
Zacks.com highlights: KB Home, Crown Holdings, Rayonier Advanced Materials and Triton International
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on February 12. Index (PMI) data, output in the Consumer Goods sector is rising.
If you are undecided on whether to keep your money in stocks or bonds, one important financial metric that can show you the right direction is earnings yield. This ratio can be effectively used for spotting undervalued stocks. Earnings yield can be calculated as (Annual Earnings per Share/Market Price) x 100.
Companies that are recently trading at a market price lower than their real values include Green Plains Partners and Weis Markets. There’s a few ways you can value a company.Read More...
Moody's Investors Service changed the rating outlook for KB Home to positive from stable and affirmed all of the company's ratings, including its B1 Corporate Family Rating (CFR), B1-PD Probability of Default Rating (PDR), B1 rating on senior unsecured notes, (P)B1 rating on senior unsecured shelf registration, and SGL-2 Speculative-Grade Liquidity Rating. The positive rating outlook reflects the trajectory of KB Home's improving financial strength and operating performance and Moody's expectations that the company will de-lever below 45% Moody's homebuilding debt to book capitalization ratio and increase its Homebuilding EBIT to interest coverage above 4.0x over the next 12-18 months.
Rising mortgage rates aren't only shutting would-be buyers out of the real estate market – they are also pressuring the stocks of companies in that sector. During 2017, housing-related stocks were surging along with everything else in the stock market, but this year, they have been one of the worst performing groups, with Seeking Alpha pegging the decline in stock prices in the sector at more than 10% year to date. While investors may brush this off as a correction after the strong showing in 2017, others point to rising mortgage rates, increasing real estate prices and a dearth of affordable properties as the main culprits for the decline in the share prices.
Zacks.com featured highlights include: United States Steel, Cleveland-Cliffs, KB Home and Banco Bilbao
Earnings out of Target and the discussion at the Fed's latest policy meeting will be highlights for investors on Wednesday.
Yahoo Finance's Seana Smith, Dion Rabouin and Kevin Kelly, CEO, Benchmark discuss what area of the country are seeing a real estate boom and which ones are bust.
About 25% of millennials still live with their parents - unable to buy a home. Yahoo Finance's Seana Smith, Rick Newman, Myles Udland and Dion Rabouin discuss.
Declining inventory is squeezing the housing market. Yahoo Finance's Seana Smith, Myles Udland, Rick Newman Dion Rabouin discuss.