Previous close | 60.92 |
Open | 62.82 |
Bid | 61.40 x 800 |
Ask | 62.25 x 1100 |
Day's range | 60.26 - 62.92 |
52-week range | 40.97 - 72.00 |
Volume | |
Avg. volume | 1,130,872 |
Market cap | 4.586B |
Beta (5Y monthly) | 1.73 |
PE ratio (TTM) | 8.23 |
EPS (TTM) | 7.34 |
Earnings date | 19 June 2024 - 24 June 2024 |
Forward dividend & yield | 0.80 (1.31%) |
Ex-dividend date | 07 Feb 2024 |
1y target est | 71.92 |
LOS ANGELES, April 18, 2024--KB Home (NYSE: KBH) today announced that its Board of Directors authorized the repurchase of up to $1.00 billion of the Company’s outstanding common stock, replacing a prior authorization, which had $113.6 million remaining. The Company intends to continue its share repurchases in 2024 in a projected range of between $200 million and $400 million for the full year, including $50 million of share repurchases completed during the Company’s 2024 first quarter.
D.R. Horton's (DHI) fiscal 2024 second-quarter performance benefits from limited affordable price points and favorable demographics. Inflation and mortgage/interest rates hurt.
KB Home (KBH) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.