Headlines about KB Home (NYSE:KBH) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KB Home earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 46.2093450966964 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Horizon Investment Services LLC Has $3.44 Million Position in KB Home (KBH) (americanbankingnews.com)
- KB Home (KBH) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- $0.77 EPS Expected for KB Home (KBH) This Quarter (americanbankingnews.com)
- KB Home (KBH) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
- Exclusive: Rare new housing coming to affluent East Bay city, but it will cost $1 million and up (feeds.bizjournals.com)
Several equities analysts have recently commented on KBH shares. Credit Suisse Group reiterated a “neutral” rating and set a $38.00 target price (up from $31.00) on shares of KB Home in a research note on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $27.00 target price (up from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Zacks Investment Research upgraded KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research note on Tuesday, January 9th. Citigroup cut KB Home from a “neutral” rating to a “sell” rating and set a $27.00 target price for the company. in a research note on Tuesday, January 2nd. Finally, UBS Group increased their target price on KB Home from $25.00 to $30.00 and gave the company a “sell” rating in a research note on Wednesday, January 17th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $29.07.
KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. analysts predict that KB Home will post 2.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Wednesday, February 7th. KB Home’s dividend payout ratio (DPR) is presently 5.46%.
In other KB Home news, SVP Thomas F. Norton sold 47,179 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total value of $1,430,467.28. Following the sale, the senior vice president now directly owns 103,562 shares of the company’s stock, valued at $3,139,999.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the sale, the chief financial officer now directly owns 237,775 shares in the company, valued at $7,734,820.75. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.
KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged 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. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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