The Potential Rise in the Price of KB Home (KBH) following insiders activity


In a filing, KB Home revealed its SVP & Chief Accounting Officer HOLLINGER WILLIAM R unloaded Company’s shares for reported $0.23 million on Aug 17. In the deal valued at $50.65 per share,4,529 shares were sold. As a result of this transaction, HOLLINGER WILLIAM R now holds 155,769 shares worth roughly $ 8.07 million.

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Then, Woram Brian J sold 40,000 shares, generating $2,112,124 in total proceeds. Upon selling the shares at $52.80, the EVP and General Counsel now owns 158,654 shares.

Before that, LORA MELISSA sold 9,649 shares. KB Home shares valued at $513,230 were divested by the Director at a price of $53.19 per share. As a result of the transaction, LORA MELISSA now holds 180,619 shares, worth roughly $9.35 million.

Raymond James upgraded its KB Home [KBH] rating to an Outperform from a a Mkt perform in a research note published on Friday. PT values the company’s stock at a premium of 15.1 to its Friday closing price.

Price Performance Review of KBH

On Friday, KB Home [NYSE:KBH] saw its stock jump 1.95% to $51.79. On the same session, the stock had its day’s lowest price of $50.875, but rose to a high of $52.20. Over the last five days, the stock has gained 8.10%. KB Home shares have risen nearly 62.61% since the year began. Nevertheless, the stocks have risen 80.77% over the past one year. While a 52-week high of $55.37 was reached on 07/20/23, a 52-week low of $25.31 was recorded on 01/03/23. SMA at 50 days reached $51.96, while 200 days put it at $41.75. A total of 0.8 million shares were traded, compared to the trading of 1.05 million shares in the previous session.

Levels Of Support And Resistance For KBH Stock

The 24-hour chart illustrates a support level at 51.04, which if violated will result in even more drops to 50.30. On the upside, there is a resistance level at 52.37. A further resistance level may holdings at 52.95. The Relative Strength Index (RSI) on the 14-day chart is 53.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 34.88%. Stochastics %K at 57.01% 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 Aug 14, 2023, growing by 1.63 million shares to a total of 5.62 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.99 million shares. There was a rise of 29.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.63% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.24.

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

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 8,915,256 shares, or roughly 11.06% of the outstanding KBH shares. In other words, the investor’s shares have fallen by -36,352 from its previous 13-F filing of 8951608.0. Additionally, The Vanguard Group, Inc. decreased -1.86% of its stake after which the total value it holdings stand at $399,672,730, while Fidelity Management & Research Co added 2.78% of its stake to hold $340.5 million in the firm. Over the last quarter, Macquarie Investment Management B sold -297,387 shares of KB Home, while Capital Research & Management Co sold 0 shares. At present, Dimensional Fund Advisors LP is holding 2,800,534 shares valued at $151.14 million. Fisher Asset Management LLC owned 2,708,220 shares of the company at the time of its most recent 13F filing, worth $146.16 million.

According to FactSet, KB Home’s share price will average $57.62 in the next year, based on opinions of analysts polled by the firm. This is up nearly 20.08 percent from its previous closing price of $50.80. Analysts expect KB Home stock to reach the higher price of $65.00, while the lowest price estimate is $43.00. However, 17 analysts have rated KBH stock as an Overweight in their predictions for 2023.


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