KB Home (NYSE:KBH) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
KBH has been the topic of a number of other research reports. Deutsche Bank AG raised their price target on shares of KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a report on Friday, June 30th. Wedbush cut their price target on shares of KB Home from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, June 15th. Credit Suisse Group initiated coverage on shares of KB Home in a report on Thursday, June 22nd. They set a “neutral” rating and a $23.00 price target on the stock. Barclays PLC restated a “sell” rating and set a $17.00 price target on shares of KB Home in a report on Friday, June 30th. Finally, MKM Partners upgraded shares of KB Home to a “hold” rating and raised their price target for the company from $20.00 to $24.00 in a report on Tuesday, June 27th. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $19.63.
Shares of KB Home (KBH) traded up 0.600% during mid-day trading on Friday, reaching $22.635. 643,191 shares of the company were exchanged. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 17.438 and a beta of 1.62. KB Home has a 12 month low of $14.06 and a 12 month high of $24.37. The firm’s 50-day moving average is $23.38 and its 200-day moving average is $20.43.
KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $929.85 million. KB Home had a net margin of 3.13% and a return on equity of 7.11%. KB Home’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 EPS. On average, equities analysts forecast that KB Home will post $1.71 earnings per share for the current fiscal year.
In other KB Home news, CFO Jeff Kaminski sold 163,017 shares of the firm’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $23.40, for a total value of $3,814,597.80. Following the sale, the chief financial officer now directly owns 178,251 shares in the company, valued at approximately $4,171,073.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of KBH. Norges Bank bought a new stake in KB Home during the fourth quarter valued at about $11,457,000. Teachers Advisors LLC raised its stake in KB Home by 8.9% in the fourth quarter. Teachers Advisors LLC now owns 144,467 shares of the construction company’s stock valued at $2,284,000 after buying an additional 11,782 shares in the last quarter. Capstone Asset Management Co. raised its stake in KB Home by 3.0% in the first quarter. Capstone Asset Management Co. now owns 26,415 shares of the construction company’s stock valued at $525,000 after buying an additional 760 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in KB Home by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the construction company’s stock valued at $417,000 after buying an additional 400 shares in the last quarter. Finally, Hartwell J M Limited Partnership bought a new stake in KB Home during the first quarter valued at about $209,000. Institutional investors own 98.82% of the company’s stock.
About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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