KB Home (NYSE:KBH)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a research report issued to clients and investors on Friday.
Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, December 20th. Buckingham Research downgraded KB Home from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 28th. JMP Securities restated an “outperform” rating and issued a $20.00 price objective (up previously from $19.00) on shares of KB Home in a research note on Sunday, January 15th. Evercore ISI downgraded KB Home from a “hold” rating to a “sell” rating and set a $14.00 price objective for the company. in a research note on Thursday, January 12th. Finally, BTIG Research initiated coverage on KB Home in a research note on Tuesday, February 7th. They issued a “sell” rating and a $13.00 price objective for the company. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $16.87.
KB Home (NYSE:KBH) opened at 19.36 on Friday. KB Home has a 1-year low of $12.38 and a 1-year high of $19.90. The company has a 50-day moving average price of $17.86 and a 200-day moving average price of $16.33. The firm has a market cap of $1.65 billion, a P/E ratio of 17.07 and a beta of 1.93.
KB Home (NYSE:KBH) last announced its quarterly earnings data on Thursday, March 23rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The firm earned $818.60 million during the quarter, compared to the consensus estimate of $797.78 million. KB Home had a return on equity of 6.35% and a net margin of 2.94%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. On average, equities research analysts forecast that KB Home will post $1.51 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of KBH. Creative Planning increased its position in KB Home by 6.0% in the third quarter. Creative Planning now owns 9,409 shares of the company’s stock valued at $152,000 after buying an additional 529 shares in the last quarter. Bank of Hawaii bought a new position in KB Home during the third quarter valued at about $188,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in KB Home by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,316 shares of the company’s stock valued at $195,000 after buying an additional 80 shares in the last quarter. Wedbush Securities Inc. increased its position in KB Home by 2.4% in the third quarter. Wedbush Securities Inc. now owns 12,716 shares of the company’s stock valued at $205,000 after buying an additional 300 shares in the last quarter. Finally, Gideon Capital Advisors Inc. bought a new position in KB Home during the fourth quarter valued at about $230,000. Institutional investors and hedge funds own 95.74% of the company’s stock.
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.
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