Now Is A Good Time To Buy KB Home (NYSE: KBH) – Marketing Sentinel
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Now Is A Good Time To Buy KB Home (NYSE: KBH)

During the recent session, KB Home (NYSE:KBH)’s traded shares were 0.66 million, with the beta value of the company hitting 1.59. At the last check today, the stock’s price was $33.67, reflecting an intraday gain of 2.78% or $0.91. The 52-week high for the KBH share is $50.20, that puts it down -49.09 from that peak though still a striking 10.51% gain since the share price plummeted to a 52-week low of $30.13. The company’s market capitalization is $2.97B, and the average trade volume was 2.38 million shares over the past three months.

KB Home (KBH) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. KBH has a Sell rating from 2 analyst(s) out of 18 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 11 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.76.

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KB Home (NYSE:KBH) trade information

KB Home (KBH) registered a 2.78% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.78% in intraday trading to $33.67 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -3.56%, and it has moved by 1.87% in 30 days. Based on these gigs, the overall price performance for the year is -28.69%.

KB Home (KBH) estimates and forecasts

Statistics show that KB Home has outperformed its competitors in share price, compared to the industry in which it operates. KB Home (KBH) shares have gone down -21.00% during the last six months, with a year-to-date growth rate more than the industry average at 67.44% against 30.80. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 57.10% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 37.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $1.71 billion as predicted by 9 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $1.57 billion by the end of Feb 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.19 billion and $1.21 billion respectively. In this case, analysts expect current quarter sales to grow by 43.00% and then jump by 30.10% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 39.90%. While earnings are projected to return 91.70% in 2022, the next five years will return 9.90% per annum.

KBH Dividends

KB Home is due to release its next quarterly earnings between March 22 and March 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for KB Home is 0.60, with the dividend yield indicating at 1.83 percent, continuing the trend of increasing dividends in recent years.

KB Home (NYSE:KBH)’s Major holders

KB Home insiders own 9.99% of total outstanding shares while institutional holders control 86.54%, with the float percentage being 96.15%. Blackrock Inc. is the largest shareholder of the company, while 479 institutions own stock in it. As of Dec 30, 2021, the company held over 10.63 million shares (or 12.05% of all shares), a total value of $475.42 million in shares.

The next largest institutional holding, with 7.86 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 8.91% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $351.7 million.

Also, the Mutual Funds coming in first place with the largest holdings of KB Home (KBH) shares are Smallcap World Fund and iShares Core S&P Midcap ETF. Data provided on Sep 29, 2021 indicates that Smallcap World Fund owns about 2.96 million shares. This amounts to just over 3.35 percent of the company’s overall shares, with a $115.12 million market value. The same data shows that the other fund manager holds slightly less at 2.37 million, or about 2.68% of the stock, which is worth about $105.93 million.

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