|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||26.92 - 27.34|
|52-week range||14.06 - 27.67|
|PE ratio (TTM)||20.84|
|Forward Dividend & Yield||0.10 (0.37%)|
|1y target est||N/A|
KB Home (KBH:NYSE) By Wedbush ($27.03, Oct. 19, 2017) We are reducing our rating on KB Home to Neutral from Outperform. KB Home (KBH) shares are up more than 70% year-to-date versus an approximate 14% return for the S&P 500, and we believe the company’s prospects are fairly reflected at current levels.
Despite a stalled housing market, homebuilders D R Horton (DHI), KB Home (KBH), Lennar (LEN), Pulte Group (PHM) and Toll Brothers (TOL) are solidly in bull market territory vs. their post-election lows, but three of the five are in bear market territory since their mid-2005 all-time intraday highs.
Though the homebuilding industry might face some bottlenecks in the short term, the overall compelling picture is pretty compelling.
The Zacks Analyst Blog Highlights: KB Home, Lennar, Persimmon, Beazer Homes and Toll Brothers
Though the homebuilding industry might face some bottlenecks in the short term, investors can consider the following stocks given the overall compelling picture.
Weyerhaeuser Company's (WY) disposition of its equity stake in Twin Creeks and 100,000 acres of timberlands are in sync with its strategic initiatives to concentrate on its core business.
Zacks Industry Outlook Highlights: Lennar, KB Home, D.R. Horton, Toll Brothers and Century Communities
Zacks Industry Outlook Highlights: D.R. Horton, Lennar, PulteGroup, KB Home and Toll Brothers
Zacks Industry Outlook Highlights: SPDR S&P Homebuilders ETF, iShares U.S. Home Construction ETF, KB Home, Lennar and PulteGroup
With an aim of increasing community home count and generating higher revenues, KB Home recently opened a riverside home community in Moreno Valley.
Zacks.com featured highlights: Big Lots, Build-A-Bear Workshop, KB Home, Dynegy and AK Steel Holding
The housing market has been rallying nicely since housing prices bottomed in late 2011. It is important to keep in mind that the housing bubble (from the early 2000's) helped create the 2008-2009 financial crisis and the housing market has been slowly recovering every since.
Of late, housing industry data has been disappointing with three key factors impacting new, existing and pending home sales. Will these factors weigh on the performance of stocks like KB Home (KBH)?
KB Home (KBH) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
If you only focus on Apple and FANG stocks like Facebook, you're missing out. Top-rated homebuilder stocks are big winners in recent weeks.