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Stock Market & Financial Investment News

News Breaks
June 27, 2014
11:53 EDTKBHKB Home starting to see reemergence of first time home buyer
Says achieving growth targets. Says continuing to invest in land to promote future growth. Says housing market characterized by steady, moderate growth and levels which vary dramatically in strength from city to city. Expects community growth to accelerate in 2H, with over 80 openings planned. Expects revenue growth will continue to outpace unit growth. Says housing recovery "proceeding". Says seeing signs of loosening among mortgage companies. The company said it is pushing toward a stated goal of a gross margin over 20% and in operating income margin in excess of 10%. Says primary focus is on meeting 2016 needs and beyond. Comments made during the company's Q2 earnings results.
News For KBH From The Last 14 Days
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October 20, 2014
07:51 EDTKBHKB Home initiated with a Buy at Buckingham
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October 13, 2014
10:08 EDTKBHOn The Fly: Analyst Upgrade Summary
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07:11 EDTKBHKB Home upgraded to Neutral from Sell at Compass Point
Compass Point upgraded KB Home to Neutral citing relative valuation and focus on lower price points. Price target raised to $15.50 from $13.50.
October 10, 2014
09:30 EDTKBHKB Home upgraded to Outperform from Sector Perform at FBN Securities
FBN Securities upgraded KB Home to Outperform based on relative valuation and increased balance sheet leverage.
October 7, 2014
09:02 EDTKBHKB Home acquires Houston property for Hollister Commons community
KB Home announced it has acquired land for a new community called Hollister Commons in Houstonís sought-after Spring Branch submarket. The community is anticipated to open in the summer of 2015.

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