Economy

Prominent Runners: KB Home (NYSE:KBH)

Prominent Runners: KB Home (NYSE:KBH)

LOS ANGELES (AP) _ KB Home (KBH) on Tuesday reported fiscal second-quarter net income of $31.8 million. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision.

These analysts also forecasted Growth Estimates for the Current Quarter for KBH to be 11.9%. Moreover, Pomelo Limited has 0.09% invested in KB Home (NYSE:KBH) for 132,019 shares.

The share of KB Home (KBH) now has a value of $24.06 while the company's 52 week low is at $14.06, the shares dropped to the 52 week low on 11/02/16. It is negative, as 28 investors sold KB Home shares while 58 reduced holdings. Thanks to a rise of nearly 20.94% in the past five days, the stock price is now down -34.89% so far on the year - still in weak territory. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,316 shares of the construction company's stock valued at $195,000 after buying an additional 80 shares in the last quarter. KB Home now has an average rating of "Hold" and an average target price of $18.47. Breaking those down we see that the ratings are as follows: 1 Strong Buy, 0 Rated Buy, 9 Rated Hold and 1 Rated Sell.

In Information Technology Services Industry, International Business Machines Corporation (IBM) have 942.44 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. 121971 shares were traded on M/I Homes, Inc.'s last session.

Whether or not the company meets or beats this expectation, along with other factors, can often dictate where the share price might be headed in the near-term. New Home Company Inc. has a 1-year low of $8.71 and a 1-year high of $12.55. The Market Capitalization of the company stands at 2.06 Billion. The stock's 50 day moving average price is $21.23 and its 200-day moving average price is $18.71. The stock of KB Home (NYSE:KBH) has "Sector Perform" rating given on Wednesday, September 21 by RBC Capital Markets. The construction company reported $0.04 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.04) by $0.08. KB Home's ROE is 6.33%, while industry's is 14.07%.

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KB Home (NYSE:KBH) institutional sentiment decreased to 1.14 in 2016 Q4. The company's sales went up 25.5% compared with the same period in the prior year. on consensus, Stock analysts expect that M/I Homes, to post $2.99 earnings per share for the full year.

KBH says Q2 homebuilding revenues totaled $1B, beating guidance of $880M-$940M, with housing gross profit margin excluding inventory-related charges of 16%, beating guidance of 15.6% but below 15.9% in the year-ago quarter.

COPYRIGHT VIOLATION NOTICE: This report was first published by Markets Daily and is the property of of Markets Daily. If you are reading this piece on another website, it was stolen and republished in violation of United States & global copyright legislation. The legal version of this story can be accessed at https://www.chaffeybreeze.com/2017/06/28/kb-homes-kbh-neutral-rating-reiterated-at-royal-bank-of-canada.html.

Other hedge funds have also purchased or disposed their positions in The corporation. Flinton Capital Management LLC boosted its stake in KB Home by 22.6% in the first quarter. The firm owned 148,233 shares of the construction company's stock after buying an additional 3,766 shares during the period. Envestnet Asset Mngmt Inc has invested 0% in KB Home (NYSE:KBH). The hedge fund owned 18,833 stocks of the construction firms shares after disposing 807 shares through out the quarter. Finally, Oxford Asset Management acquired a new position in M/I Homes during the fourth quarter valued at approximately $468,000.


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