Shares are trading at $26.93 which is significantly higher than the 50 day moving average of $23.75 and quite a bit above the 200 day moving average of $22.44. The 50 day moving average was up by +13.40% whereas the 200 day moving average was up $4.49 or +20.01%. KB Home shares had a trading volume of 1,610K on Tuesday. Shares saw a steep decrease in trading volume of 66.39% under the normal average daily volume.
Short traders are more bullish on the company lately as implied by the decrease in short interest. The company saw a fall in short interest of -10.87% as of September 29, 2017 from the last reporting period. Short shares fell 1,022,748 over that period. The short-interest ratio decreased to 2.0 and the short interest percentage is 0.10% as of September 29.
Here are a few substantial investment firms who have updated their positions. Capital One, National Association cut its position by shedding 254 shares a decrease of 0.9% as of 09/30/2017. Capital One, National Association now controls 28,109 shares valued at $678,000. The total value of its holdings decreased 0.3%. State Treasurer State Of Michigan downsized its holdings by selling 3,000 shares a decrease of 8.7% in the quarter. State Treasurer State Of Michigan claims 31,300 shares with a value of $755,000. The value of the position overall is down by 8.2%.
Wealthtrust-arizona, LLC divested its stake by selling 50 shares a decrease of 24.5%. Wealthtrust-arizona, LLC controls 154 shares worth $4,000. The value of the position overall is down by 20.0%. As of quarter end Alpha Windward LLC had acquired 120 shares growing its holdings by 0.6%. The value of the company’s investment in KB Home went from $500,000 to $507,000 a change of $7,000 quarter over quarter.
On July 10, 2017 the stock rating was rated “Underperform” by Mizuho which was a cut from the previous “Neutral” rating. On September 29 the company was changed to “Neutral” in a report from Mizuho a boost from the previous “Underperform” rating.
September 29 investment analysts at Credit Suisse made no change to the company rating of “Underweight” but moved down the price target to $18.00 from $23.00. On September 29 Barclays left the company rating at “Underweight” but raised the price expectation from $12.00 to $18.00.
On October 19 the stock rating was downgraded to “Neutral” from “Outperform” in a report issued by Wedbush.
The company is now down from yesterday’s close of 27.05. Additionally KB Home recently announced a dividend that will be paid on Thursday the 16th of November 2017. The dividend will be $0.025 per share for the quarter or $0.10 annualized. The dividend yield will be $0.37. The ex-dividend date will be Tuesday August 1st, 2017.
The most current P/E ratio is 19.29 and market capitalization is 2.33B. As of the last earnings report the EPS was $1.40 and is expected to be $1.74 for the current year with 86,500,000 shares presently outstanding. Next quarter’s EPS is expected be $0.26 and the next full year EPS is anticipated to be $2.10.
KB HOME, launched on August 31, 1981, is a homebuilding company. The Company is involved in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. The Company operates through five segments, which consist of four homebuilding segments and one financial services segment. Its homebuilding segments include West Coast, Southwest, Central and Southeast. The homebuilding segments are engaged in the acquisition and development of land primarily for residential purposes. The Business’s financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers in the same markets as its homebuilding segments, and provides title services in the majority of markets located within its Central and Southeast homebuilding segments..