KB Home (KBH) Upgraded at ValuEngine

ValuEngine upgraded shares of KB Home (NYSE:KBH) from a strong sell rating to a sell rating in a report issued on Tuesday, December 18th.

Other equities research analysts also recently issued reports about the stock. Bank of America set a $30.00 price target on shares of KB Home and gave the company a buy rating in a research report on Thursday, October 11th. JMP Securities reduced their price target on shares of KB Home from $30.00 to $26.00 and set a buy rating for the company in a research report on Monday, November 19th. Barclays reduced their price target on shares of KB Home from $27.00 to $21.00 and set an equal weight rating for the company in a research report on Thursday, November 15th. Credit Suisse Group reduced their price target on shares of KB Home from $29.00 to $27.00 and set a hold rating for the company in a research report on Wednesday, September 26th. Finally, MKM Partners set a $32.00 price objective on KB Home and gave the stock a hold rating in a research report on Wednesday, September 26th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $26.78.

KBH traded up $0.17 during trading on Tuesday, reaching $21.17. The company’s stock had a trading volume of 2,032,740 shares, compared to its average volume of 2,321,742. KB Home has a 52-week low of $16.82 and a 52-week high of $38.16. The firm has a market capitalization of $1.94 billion, a PE ratio of 7.51, a P/E/G ratio of 0.47 and a beta of 1.46.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, January 9th. The construction company reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. KB Home had a return on equity of 14.61% and a net margin of 3.75%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts predict that KB Home will post 3.02 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in KBH. Prudential Financial Inc. grew its stake in shares of KB Home by 283.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,289,413 shares of the construction company’s stock valued at $30,829,000 after buying an additional 953,079 shares during the period. Investec Asset Management LTD purchased a new stake in KB Home during the 2nd quarter worth $23,056,000. Panagora Asset Management Inc. boosted its position in KB Home by 115.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 932,314 shares of the construction company’s stock worth $22,292,000 after purchasing an additional 499,540 shares during the period. Renaissance Technologies LLC boosted its position in KB Home by 48.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,169,100 shares of the construction company’s stock worth $31,846,000 after purchasing an additional 383,200 shares during the period. Finally, SG Americas Securities LLC boosted its position in KB Home by 601.0% during the 3rd quarter. SG Americas Securities LLC now owns 271,393 shares of the construction company’s stock worth $6,489,000 after purchasing an additional 232,680 shares during the period. 86.39% of the stock is owned by institutional investors.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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