The Attractiveness of Investing In KB Home (KBH) is Growing


In a filing, KB Home revealed its EVP, Real Estate & Bus. Dev. PRAW ALBERT Z unloaded Company’s shares for reported $0.86 million on Oct 27. In the deal valued at $28.77 per share,29,777 shares were sold. As a result of this transaction, PRAW ALBERT Z now holds 143,363 shares worth roughly $ 5.02 million.

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JP Morgan downgraded its KB Home [KBH] rating to an Underweight from a an Overweight in a research note published on Monday, March 06, 2023; the price target was decreased to $32.50 from $36. PT values the company’s stock at a premium of -7.66 to its Monday closing price. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Sector perform”. Raymond James also remained covering KBH and has decreased its forecast on October 21, 2022 with a “Mkt perform” recommendation from previously “Strong buy” rating. KeyBanc Capital Markets revised its rating on September 19, 2022. It rated KBH as “a Sector weight” which previously was an “an Underweight”.

Price Performance Review of KBH

On Monday, KB Home [NYSE:KBH] saw its stock fall -2.15% to $34.99. On the same session, the stock had its day’s lowest price of $34.85, but rose to a high of $35.63. Over the last five days, the stock has lost -1.02%. KB Home shares have risen nearly 9.86% since the year began. Nevertheless, the stocks have fallen -10.42% over the past one year. While a 52-week high of $40.92 was reached on 02/02/23, a 52-week low of $24.78 was recorded on 01/03/23. SMA at 50 days reached $35.60, while 200 days put it at $31.41. A total of 1.52 million shares were traded, compared to the trading of 1.16 million shares in the previous session.

Levels Of Support And Resistance For KBH Stock

The 24-hour chart illustrates a support level at 34.68, which if violated will result in even more drops to 34.38. On the upside, there is a resistance level at 35.46. A further resistance level may holdings at 35.94. The Relative Strength Index (RSI) on the 14-day chart is 43.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.90%. Stochastics %K at 27.79% indicates the stock is a holding.

How much short interest is there in KB Home?

A steep rise in short interest was recorded in KB Home stocks on Jan 12, 2023, dropping by 100000.0 shares to a total of 5.37 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 5.47 million shares. There was a decline of -1.86%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.87% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.51.

KB Home [KBH] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,079,256 shares, or roughly 10.81% of the outstanding KBH shares. In other words, the investor’s shares have fallen by -67,807 from its previous 13-F filing of 9147063.0. Additionally, The Vanguard Group, Inc. increased 0.78% of its stake after which the total value it holdings stand at $289,990,131, while Fidelity Management & Research Co added 9.87% of its stake to hold $187.72 million in the firm. Over the last quarter, Macquarie Investment Management B sold -28,645 shares of KB Home, while AllianceBernstein LP sold -74,906 shares. At present, Capital Research & Management Co is holding 2,957,918 shares valued at $113.73 million. Dimensional Fund Advisors LP owned 2,900,486 shares of the company at the time of its most recent 13F filing, worth $111.52 million.

According to FactSet, KB Home’s share price will average $40.54 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.05 percent from its previous closing price of $35.76. Analysts expect KB Home stock to reach the higher price of $55.00, while the lowest price estimate is $29.00. However, 16 analysts have rated KBH stock as a Hold in their predictions for 2023.


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