Buckingham Research Upgrades KB Home to Buy

Brokerage firm Buckingham Research Upgrades its rating on KB Home(NYSE:KBH). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Buckingham Research was issued on Sep 19, 2016.

In a different note, On Jul 18, 2016, Buckingham Research said it Downgrades its rating on KB Home. The shares have been rated ‘Neutral’ by the firm.

KB Home (KBH) made into the market gainers list on Thursdays trading session with the shares advancing 2.76% or 0.42 points. Due to strong positive momentum, the stock ended at $15.65, which is also near the day’s high of $15.9. The stock began the session at $15.44 and the volume stood at 35,78,145 shares. The 52-week high of the shares is $16.76 and the 52 week low is $9.04. The company has a current market capitalization of $1,318 M and it has 8,42,46,127 shares in outstanding.

KB Home(KBH) last announced its earnings results on Jun 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $811.05M. Analysts had an estimated revenue of $747.87M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.17.

Several Insider Transactions has been reported to the SEC. On Jul 27, 2016, Jeffrey T Mezger (President and CEO) sold 500,000 shares at $16.47 per share price.Also, On Apr 28, 2015, Nicholas S Franklin (EVP, Strategic Operations) purchased 5,000 shares at $14.76 per share price.

KB Home is a homebuilding company that constructs and sells homes through its operating divisions under the name KB Home. The Company operates through five operating segments which includes four homebuilding segments and one financial services segment. The Company’s homebuilding operations are organized into four segments: West Coast Southwest Central and Southeast. The Company delivered approximately 7215 homes through its four homebuilding segments. The Company’s financial services segment offers property and casualty insurance and in certain instances earthquake flood and personal property insurance to its homebuyers. The Company also provides title services in the majority of its markets located within Central and Southeast homebuilding reporting segments. This segment also offers mortgage banking services including residential consumer mortgage loan originations to its homebuyers indirectly through Home Community Mortgage LLC (HCM).

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