UBS Asset Management Americas Inc. Cuts Position in KB Home (KBH)

Investors wait KB Home (NYSE:KBH) to report on June, 20. its quarterly earnings Wall Street analysts expect $0.26 EPS, up $0.09 or 52.94 % from last year's $0.17 same quarter earnings. The rating was initiated by Wedbush on Tuesday, September 20 with "Outperform". Looking at this figure it suggests that the shares of KB Home (KBH) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that KB Home (KBH) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. "High mortgage rates dilute the demand for new homes as mortgage loans become expensive". Keefe, Bruyette & Woods reissued a "hold" rating and set a $20.00 target price on shares of KB Home in a research note on Friday, March 24th. Zacks Investment Research upgraded KB Home from a "sell" rating to a "hold" rating and set a $22.00 target price for the company in a research report on Monday, March 27th. They noted that the move was a valuation call.

04/13/2017 - KB Home was upgraded to "market perform" by analysts at Raymond James.

Shares of KB Home (NYSE:KBH) now have an Average Brokerage Recommendation of 3.08, number of Recs in ABR is 12 while industry rank of the company by ABR is out of 265. The stock presently has an average rating of "Hold" and a consensus target price of $17.63. M/I Homes Inc has a 12-month low of $17.00 and a 12-month high of $29.42. The firm has a market cap of $691.50 million, a price-to-earnings ratio of 13.36 and a beta of 0.95. The stock has a 50 day moving average of $20.93 and a 200-day moving average of $18.29. The stock of KB Home (NYSE:KBH) earned "Underperform" rating by Bank of America on Wednesday, October 21. The construction company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. The business had revenue of $818.60 million for the quarter, compared to analyst estimates of $797.78 million. During the same quarter in the prior year, the firm posted $0.14 EPS. (NASDAQ:GPRO) will report earnings per share of $-0.25 in their quarterly report.

The company's quick ratio for most recent quarter is 0 along with current ratio for most recent quarter of 0. Shareholders of record on Thursday, May 4th were paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Tuesday, May 2nd. KB Home's dividend payout ratio is now 8.85%.

"ILLEGAL ACTIVITY WARNING: "[[title]]" was first reported by [[site]] and is owned by of [[site]]. If you are accessing this article on another website, it was illegally copied and republished in violation of USA and worldwide copyright and trademark law. The legal version of this story can be accessed at [[permalink]]. Norton Thomas F also sold $891,450 worth of KB Home (NYSE:KBH) shares. The stock was sold at an average price of $28.42, for a total transaction of $784,221.48. 2,545,135 shares of the company's stock traded hands. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Stevens First Principles Investment Advsrs owns 8,065 shares. Hedge funds and other institutional investors own 95.74% of the company's stock. California State Teachers Retirement System has invested 0.01% of its portfolio in KB Home (NYSE:KBH).

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future. Kennedy Capital Management Inc., a Missouri-based fund reported 149,826 shares. Metropolitan Life Insurance Co. Ubs Asset Mngmt Americas holds 0% or 37,802 shares.

Donald Smith & Company Inc decreased Axcelis Technology stake by 182,765 shares to 2.80 million valued at $40.81M in 2016Q4. Gam Holdings Ag invested 0% of its portfolio in KB Home (NYSE:KBH). 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 during the period. Piermont Capital Management Inc. owned about 0.53% of M/I Homes worth $3,185,000 at the end of the most recent reporting period. KB Home (NYSE:KBH) has trailing twelve month Return on Assets of 2.1%, which is key indicator of how profitable a company is relative to its total assets. The Company and its subsidiaries are engaged primarily in the construction and sale of single-family residential homes in 15 markets: Columbus and Cincinnati, Ohio; Indianapolis, Indiana; Chicago, Illinois; Minneapolis/St. It operates through Midwest homebuilding, Southern homebuilding, Mid-Atlantic homebuilding and financial services operations segments.