KB Home (NYSE:KBH)‘s stock had its “underweight” rating restated by equities research analysts at J P Morgan Chase & Co in a research note issued to investors on Tuesday. They currently have a $27.00 price target on the construction company’s stock, up from their previous price target of $25.50. J P Morgan Chase & Co’s price objective indicates a potential downside of 12.65% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Royal Bank of Canada reissued a “hold” rating and issued a $31.00 price target on shares of KB Home in a research note on Wednesday, November 15th. UBS initiated coverage on KB Home in a research note on Wednesday, October 25th. They issued a “sell” rating and a $24.00 price target on the stock. Wedbush downgraded KB Home from an “outperform” rating to a “neutral” rating in a report on Thursday, October 19th. Finally, MKM Partners restated a “neutral” rating and set a $26.00 price objective (up previously from $24.00) on shares of KB Home in a report on Monday, October 2nd. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.71.

KB Home (KBH) opened at $30.91 on Tuesday. KB Home has a 12 month low of $15.51 and a 12 month high of $31.95. The stock has a market capitalization of $2,654.69, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 0.72 and a beta of 1.69.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. The company’s revenue was up 24.8% compared to the same quarter last year. equities research analysts anticipate that KB Home will post 1.77 EPS for the current fiscal year.

In related news, EVP Brian J. Woram sold 49,529 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Albert Z. Praw sold 150,000 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $25.85, for a total value of $3,877,500.00. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. AllSquare Wealth Management LLC bought a new stake in KB Home during the third quarter worth $113,000. Victory Capital Management Inc. boosted its position in KB Home by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after purchasing an additional 1,241 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in KB Home in the second quarter worth $201,000. Greenwood Capital Associates LLC purchased a new position in KB Home in the third quarter worth $207,000. Finally, Shelton Capital Management purchased a new position in KB Home in the second quarter worth $209,000. Institutional investors and hedge funds own 96.73% of the company’s stock.

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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.

Analyst Recommendations for KB Home (NYSE:KBH)

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