KB Home (KBH) Rating Reiterated by BTIG Research
KB Home (NYSE:KBH)‘s stock had its “sell” rating restated by equities researchers at BTIG Research in a note issued to investors on Monday. They presently have a $16.00 price target on the construction company’s stock. BTIG Research’s price objective suggests a potential downside of 35.09% from the stock’s current price.
Other analysts have also recently issued reports about the stock. Bank of America Corporation boosted their price objective on shares of KB Home from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 28th. BidaskClub lowered shares of KB Home from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Mizuho upgraded shares of KB Home from an “underperform” rating to a “neutral” rating and set a $21.00 target price on the stock in a research note on Friday, September 29th. Finally, Wedbush set a $22.00 target price on shares of KB Home and gave the stock a “buy” rating in a report on Thursday, June 15th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. KB Home presently has a consensus rating of “Hold” and a consensus price target of $21.60.
Shares of KB Home (KBH) opened at 24.65 on Monday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 17.62 and a beta of 1.53. The firm’s 50-day moving average price is $21.89 and its 200-day moving average price is $21.72. KB Home has a 52 week low of $14.06 and a 52 week high of $25.16.
KB Home (NYSE:KBH) last announced its quarterly earnings results on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities research analysts expect that KB Home will post $1.74 EPS for the current fiscal year.
In other KB Home news, insider Jeffrey T. Mezger sold 400,000 shares of KB Home stock in a transaction on Monday, August 14th. The shares were sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the sale, the insider now owns 682,996 shares in the company, valued at $15,579,138.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William R. Hollinger sold 57,405 shares of KB Home stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the sale, the senior vice president now owns 214,306 shares in the company, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in KBH. Creative Planning raised its stake in shares of KB Home by 34.9% in the 2nd quarter. Creative Planning now owns 4,289 shares of the construction company’s stock valued at $103,000 after buying an additional 1,110 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in shares of KB Home by 18.0% during the 2nd quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock worth $156,000 after acquiring an additional 991 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of KB Home by 10.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock worth $134,000 after acquiring an additional 639 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of KB Home by 40.2% during the 1st quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock worth $140,000 after acquiring an additional 2,020 shares during the period. Finally, Yorktown Management & Research Co Inc bought a new position in shares of KB Home during the 2nd quarter worth about $201,000. 98.37% of the stock is currently owned by hedge funds and other institutional investors.
KB Home Company Profile
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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