Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded KB Home from a sell rating to a hold rating in a research note on Monday, September 5th. Argus reiterated a hold rating on shares of KB Home in a research note on Monday, July 18th. RBC Capital Markets reiterated a sector perform rating and set a $17.00 price target (up previously from $16.00) on shares of KB Home in a research note on Thursday, September 22nd. Buckingham Research downgraded KB Home from a buy rating to a neutral rating and set a $18.00 target price on the stock. in a research note on Monday, July 18th. Finally, MKM Partners restated a hold rating on shares of KB Home in a research note on Tuesday, June 7th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. KB Home currently has an average rating of Hold and an average target price of $15.40.
Shares of KB Home (NYSE:KBH) opened at 16.12 on Wednesday. KB Home has a 12 month low of $9.04 and a 12 month high of $16.76. The firm has a market cap of $1.36 billion, a P/E ratio of 14.02 and a beta of 1.99. The company’s 50-day moving average price is $15.55 and its 200-day moving average price is $14.75.
KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The business earned $913.30 million during the quarter. KB Home had a return on equity of 6.77% and a net margin of 3.31%. KB Home’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. On average, analysts predict that KB Home will post $1.33 EPS for the current year.
In other news, CEO Jeffrey T. Mezger sold 110,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.39, for a total transaction of $1,802,900.00. Following the completion of the transaction, the chief executive officer now directly owns 606,716 shares in the company, valued at approximately $9,944,075.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey T. Mezger sold 500,000 shares of the business’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the transaction, the insider now owns 606,716 shares of the company’s stock, valued at $9,992,612.52. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank purchased a new position in KB Home during the second quarter worth approximately $161,000. Teacher Retirement System of Texas raised its position 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 bought a new position in shares of KB Home during the second quarter valued at about $166,000. Wedbush Securities Inc. bought a new position in shares of KB Home during the second quarter valued at about $189,000. Finally, Bank of Montreal Can bought a new position in shares of KB Home during the second quarter valued at about $219,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.
KB Home Company Profile
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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