KB Home (KBH) Now Covered by Analysts at Wells Fargo & Co.
KBH has been the subject of a number of other research reports. MKM Partners reissued a hold rating on shares of KB Home in a report on Wednesday, June 22nd. Zacks Investment Research lowered KB Home from a hold rating to a sell rating in a report on Tuesday, June 7th. Credit Suisse Group AG reissued a sell rating on shares of KB Home in a report on Tuesday, June 28th. Keefe, Bruyette & Woods reissued a market perform rating and issued a $15.00 target price (up previously from $14.00) on shares of KB Home in a report on Sunday, June 26th. Finally, TheStreet raised KB Home from a hold rating to a buy rating in a report on Wednesday, June 22nd. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $15.40.
KB Home (NYSE:KBH) opened at 16.45 on Wednesday. The company has a 50 day moving average price of $15.52 and a 200-day moving average price of $14.72. The company has a market cap of $1.39 billion, a PE ratio of 14.30 and a beta of 1.96. KB Home has a 12 month low of $9.04 and a 12 month high of $16.76.
KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, September 20th. The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. KB Home had a return on equity of 6.77% and a net margin of 3.31%. The company earned $913.30 million during the quarter. During the same period last year, the business earned $0.23 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Equities analysts predict that KB Home will post $1.33 earnings per share for the current fiscal year.
In other KB Home news, CEO Jeffrey T. Mezger sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $16.39, for a total value of $1,802,900.00. Following the transaction, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at approximately $9,944,075.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey T. Mezger sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the completion of the transaction, the insider now directly owns 606,716 shares in the company, valued at $9,992,612.52. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC purchased a new stake in shares of KB Home during the second quarter worth about $580,000. Royal Bank of Canada increased its stake in shares of KB Home by 46.7% in the second quarter. Royal Bank of Canada now owns 151,340 shares of the company’s stock worth $2,302,000 after buying an additional 48,163 shares in the last quarter. Sterling Capital Management LLC purchased a new stake in shares of KB Home during the second quarter worth about $743,000. Schwab Charles Investment Management Inc. increased its stake in shares of KB Home by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 303,504 shares of the company’s stock worth $4,617,000 after buying an additional 1,771 shares in the last quarter. Finally, Strategic Wealth Advisors Group LLC increased its stake in shares of KB Home by 16.5% in the second quarter. Strategic Wealth Advisors Group LLC now owns 17,483 shares of the company’s stock worth $266,000 after buying an additional 2,476 shares in the last quarter. 92.39% of the stock is currently owned by institutional investors and hedge funds.
KB Home Company Profile
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.
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