RBC Capital Markets reaffirmed their sector perform rating on shares of KB Home (NYSE:KBH) in a report issued on Thursday morning. The firm currently has a $17.00 price target on the stock, up from their prior price target of $16.00.
A number of other analysts also recently weighed in on KBH. Buckingham Research downgraded shares of KB Home from a buy rating to a neutral rating and set a $18.00 price target for the company. in a research report on Monday, July 18th. MKM Partners reissued a hold rating on shares of KB Home in a research report on Wednesday, June 22nd. Bank of America Corp. reissued a sell rating and set a $12.50 price target on shares of KB Home in a research report on Wednesday, September 21st. Zacks Investment Research raised shares of KB Home from a sell rating to a hold rating in a research report on Friday, June 17th. Finally, Royal Bank Of Canada raised their price target on shares of KB Home from $16.00 to $17.00 and gave the stock a sector perform rating in a research report on Wednesday, September 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. KB Home presently has an average rating of Hold and an average target price of $15.40.
Shares of KB Home (NYSE:KBH) opened at 16.07 on Thursday. KB Home has a one year low of $9.04 and a one year high of $16.76. The company has a market capitalization of $1.36 billion, a P/E ratio of 13.97 and a beta of 1.96. The firm has a 50 day moving average price of $15.48 and a 200 day moving average price of $14.69.
KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. KB Home had a net margin of 2.89% and a return on equity of 5.83%. The business earned $913.30 million during the quarter. During the same period in the previous year, the business posted $0.23 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts predict that KB Home will post $1.32 EPS for the current fiscal year.
In other KB Home news, CEO Jeffrey T. Mezger sold 230,000 shares of the business’s stock in a transaction dated 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 directly owns 606,716 shares in the company, valued at $9,968,343.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey T. Mezger sold 110,000 shares of the business’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $16.39, for a total transaction of $1,802,900.00. Following the completion of the sale, the chief executive officer now owns 606,716 shares in the company, valued at $9,944,075.24. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Amalgamated Bank acquired a new stake in shares of KB Home during the second quarter valued at approximately $161,000. Teacher Retirement System of Texas boosted its stake in shares of KB Home by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 10,689 shares of the company’s stock valued at $163,000 after buying an additional 538 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of KB Home during the second quarter valued at approximately $166,000. Wedbush Securities Inc. acquired a new stake in shares of KB Home during the second quarter valued at approximately $189,000. Finally, Seven Eight Capital LLC acquired a new stake in shares of KB Home during the first quarter valued at approximately $219,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.
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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