Buckingham Research cut shares of KB Home (NYSE:KBH) from a neutral rating to an underperform rating in a report released on Friday, MarketBeat.com reports. The firm currently has $34.00 target price on the construction company’s stock, up from their prior target price of $28.00. The analysts noted that the move was a valuation call.

A number of other research firms have also recently commented on KBH. Wedbush cut KB Home from an outperform rating to a neutral rating in a research note on Thursday, October 19th. Keefe, Bruyette & Woods restated a hold rating and set a $24.00 price target on shares of KB Home in a research note on Friday, September 29th. MKM Partners restated a neutral rating and set a $26.00 price target (up from $24.00) on shares of KB Home in a research note on Monday, October 2nd. JPMorgan Chase & Co. restated an underweight rating and set a $27.00 price target (up from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Finally, Zacks Investment Research upgraded KB Home from a hold rating to a strong-buy rating and set a $39.00 price target on the stock in a research note on Tuesday, January 9th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $27.27.

KB Home (NYSE:KBH) traded down $1.60 on Friday, reaching $36.98. The company had a trading volume of 4,995,000 shares, compared to its average volume of 4,033,578. KB Home has a 12-month low of $15.88 and a 12-month high of $38.80. The firm has a market capitalization of $3,200.00, a PE ratio of 26.60, a PEG ratio of 1.03 and a beta of 1.69. The company has a quick ratio of 1.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21.

KB Home (NYSE:KBH) last released its quarterly earnings results on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. equities analysts predict that KB Home will post 2.37 earnings per share for the current year.

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

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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.

Analyst Recommendations for KB Home (NYSE:KBH)

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