Buckingham Research Increases KB Home (NYSE:KBH) Price Target to $27.00

KB Home (NYSE:KBH) had its price target upped by equities research analysts at Buckingham Research from $24.00 to $27.00 in a research note issued on Wednesday, March 27th, BenzingaRatingsTable reports. The firm currently has a “neutral” rating on the construction company’s stock. Buckingham Research’s target price would indicate a potential upside of 4.17% from the company’s current price.

A number of other brokerages also recently issued reports on KBH. Credit Suisse Group reissued a “sell” rating and set a $17.00 target price on shares of KB Home in a research note on Thursday, January 10th. Wedbush cut their target price on KB Home from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, January 10th. ValuEngine downgraded KB Home from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 10th. Raymond James cut KB Home from an “outperform” rating to a “market perform” rating and set a $23.67 price target on the stock. in a report on Monday, February 25th. Finally, Barclays set a $20.00 price target on KB Home and gave the stock a “hold” rating in a report on Wednesday, December 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $24.92.

Shares of NYSE KBH traded up $0.36 during trading hours on Wednesday, reaching $25.92. The stock had a trading volume of 1,833,772 shares, compared to its average volume of 2,329,917. The stock has a market cap of $2.26 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 1.20 and a beta of 1.57. The company has a quick ratio of 0.98, a current ratio of 5.37 and a debt-to-equity ratio of 1.04. KB Home has a fifty-two week low of $16.82 and a fifty-two week high of $28.96.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, March 26th. The construction company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. The firm had revenue of $811.50 million during the quarter, compared to analysts’ expectations of $828.56 million. KB Home had a return on equity of 13.34% and a net margin of 6.05%. The business’s revenue was down 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 EPS. Sell-side analysts anticipate that KB Home will post 2.63 earnings per share for the current year.

In related news, CEO Jeffrey T. Mezger sold 183,257 shares of KB Home stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $25.41, for a total value of $4,656,560.37. Following the completion of the transaction, the chief executive officer now directly owns 1,056,532 shares in the company, valued at $26,846,478.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey T. Mezger sold 489,258 shares of KB Home stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $25.37, for a total value of $12,412,475.46. Following the completion of the transaction, the insider now owns 1,056,532 shares of the company’s stock, valued at $26,804,216.84. The disclosure for this sale can be found here. Insiders sold 905,691 shares of company stock worth $23,063,991 over the last three months. 7.32% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Liberty Wealth Management LLC bought a new stake in shares of KB Home during the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. grew its stake in shares of KB Home by 2,537.0% during the fourth quarter. Meeder Asset Management Inc. now owns 1,424 shares of the construction company’s stock valued at $27,000 after purchasing an additional 1,370 shares during the last quarter. Financial Architects Inc grew its stake in shares of KB Home by 97.8% during the fourth quarter. Financial Architects Inc now owns 1,622 shares of the construction company’s stock valued at $31,000 after purchasing an additional 802 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of KB Home by 1,810.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 636,622 shares of the construction company’s stock valued at $33,000 after purchasing an additional 603,291 shares during the last quarter. Finally, ETF Managers Group LLC grew its stake in shares of KB Home by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 4,536 shares of the construction company’s stock valued at $87,000 after purchasing an additional 618 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company 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.

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