KB Home (KBH) : During the past 4 weeks, traders have been relatively bearish on KB Home (KBH), hence the stock is down -7.71% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.66% relative to the S&P 500. The 4-week change in the price of the stock is -6.76% and the stock has fallen -2.61% in the past 1 week.
The stock has recorded a 20-day Moving Average of 4.33% and the 50-Day Moving Average is 0.06%. KB Home (NYSE:KBH): On Fridays trading session , Opening price of the stock was $15.63 with an intraday high of $15.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.24. However, the stock managed to close at $15.32, a loss of 1.98% for the day. On the previous day, the stock had closed at $15.63. The total traded volume of the day was 1,357,916 shares.
The company Insiders own 8.6% of KB Home shares according to the proxy statements. Institutional Investors own 94.34% of KB Home shares. Also, Buckingham Research downgrades its rating on KB Home (NYSE:KBH). The global brokerage major maintains a current price target of $18 per share. Analysts at the Buckingham Research have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on July 18, 2016.
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 Companys homebuilding operations are organized into four segments: West Coast, Southwest, Central and Southeast. The Company delivered approximately 7,215 homes through its four homebuilding segments. The Companys 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).