[Business Wire] KB Home (NYSE:KBH)(TREND ANALYSIS) one of the nation’s largest and most recognized homebuilders, today announced the grand opening of its Silvercreek at Audie Murphy Ranch community in Menifee. The new KB neighborhood offers homebuyers the opportunity to own a brand new home in the dynamic Audie Murphy Ranch master plan that boasts a 3,500 square foot recreation center, swimming pool, spa, walking trails, parks, basketball courts, and soccer and baseball fields.
Priced from the low-$300,000s, KB Home plans to construct a total of 94 single-family homes at Silvercreek, with five floor plans available ranging from 1,698 to 2,697 square feet, with up to six bedrooms and three baths. This includes two spacious, single-story floor plans, a highly-desirable offering at an attractive price point.
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KB Home (NYSE:KBH) is currently trading 20.44% below its 52-week-high, 28.4% above its 52-week-low. The 1-year range for the stock is $11.76 – $18.98. KB Home (KBH) has a price to earnings ratio of 1.67 versus Industrial Goods sector average of 19.17. KBH stock price has underperformed the S&P 500 by 12.1%. The Residential & Commercial Home Builders company is currently valued at $1.39 billion and its share price closed the last trading session at $15.1. The stock has a 50-day moving average of $15.2 and a 200-day moving average of $15.03.
KB Home (KBH) current short interest stands at 14.35 million shares. It has decreased by 4% from the same period of last month. Around 18% of the company’s shares, which are float, are short sold. With a 10-days average volume of 3.24 million shares, the number of days required to cover the short positions stand at 4.5 days.
The company is expected to announce next quarter earnings on June 26, at consensus estimate of $0.1. KB Home (KBH) reported last quarter earnings on March 20. The Residential & Commercial Home Builders company announced earnings per share of $0.07 against a consensus Street estimate of $0.02, beating the average estimate by $0.05. This corresponds to a decrease of $0.07 compared to the same quarter of the previous fiscal year.
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There are currently twenty-one analysts that cover KBH stock. Of those twenty-one, four have a Buy rating, fifteen have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $16.31.
A recent analyst activity consisted of Raymond James downgrading their Outperform rating to Market Perform on May 15. On the date of report, the stock closed at $14.78.
Barclays reiterated their Underweight stance on March 23, and increased their price target on KBH stock from $12 to $14. This corresponds to a 7.28% downside from the last closing price. On the date of report, the stock closed at $14.96.
Another research firm was Citigroup who reiterated their Neutral stance on March 23. Citigroup increased their price target on KB Home from $15.5 to $17. This translates to a 12.58% upside from the last closing price. On the date of report, the stock closed at $14.96.
Company profile
KB Home builds single-family homes in the United States, primarily targeting first-time and first move-up homebuyers. The Company has operating divisions in Arizona, California, Colorado, Florida, Georgia, Illinois, Nevada, Wisconsin, New Mexico, North Carolina, South Carolina, and Texas in the United States. KB Home also derives income from mortgage banking, title and insurance services.
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