KBH has been the topic of a number of other reports. Wedbush started coverage on shares of KB Home in a research note on Monday, September 19th. They set an outperform rating and a $22.00 price target on the stock. MKM Partners reiterated a hold rating on shares of KB Home in a research note on Wednesday, June 22nd. Royal Bank Of Canada increased their target price on shares of KB Home from $16.00 to $17.00 and gave the stock a sector perform rating in a research note on Wednesday, September 21st. Zacks Investment Research upgraded shares of KB Home from a sell rating to a hold rating in a research note on Friday, June 17th. Finally, Keefe, Bruyette & Woods reiterated a market perform rating and issued a $15.00 target price (up from $14.00) on shares of KB Home in a research note on Sunday, June 26th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. KB Home has a consensus rating of Hold and an average target price of $15.40.
KB Home (NYSE:KBH) opened at 15.70 on Wednesday. KB Home has a one year low of $9.04 and a one year high of $16.76. The stock’s 50 day moving average is $15.47 and its 200-day moving average is $14.64. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 13.65 and a beta of 1.96.
KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. The company had revenue of $913.30 million for the quarter. KB Home had a net margin of 2.89% and a return on equity of 5.83%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, equities research analysts expect that KB Home will post $1.32 earnings per share for the current fiscal year.
In other KB Home news, CEO Jeffrey T. Mezger sold 230,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total value of $3,778,900.00. Following the sale, the chief executive officer now owns 606,716 shares of the company’s stock, valued at approximately $9,968,343.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey T. Mezger sold 500,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 606,716 shares in the company, valued at approximately $9,992,612.52. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Systematic Financial Management LP raised its stake in shares of KB Home by 740.8% in the second quarter. Systematic Financial Management LP now owns 3,292,229 shares of the company’s stock worth $50,074,000 after buying an additional 2,900,654 shares during the period. AQR Capital Management LLC boosted its stake in KB Home by 85.6% in the second quarter. AQR Capital Management LLC now owns 3,151,739 shares of the company’s stock valued at $47,938,000 after buying an additional 1,453,844 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in KB Home by 325.3% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,444,001 shares of the company’s stock valued at $21,963,000 after buying an additional 1,104,500 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in KB Home by 254.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,212,894 shares of the company’s stock valued at $17,320,000 after buying an additional 871,100 shares in the last quarter. Finally, Norges Bank bought a new stake in KB Home during the fourth quarter valued at approximately $10,377,000. 92.39% of the stock is currently owned by institutional investors and hedge funds.
About KB Home
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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