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.
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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