KB Home (NYSE:KBH) had its price objective boosted by Royal Bank Of Canada from $16.00 to $17.00 in a research report report published on Wednesday. They currently have a sector perform rating on the stock.

Analyst Recommendations for KB Home (NYSE:KBH)

KBH has been the topic of a number of other reports. Wedbush started coverage on shares of KB Home in a research note on Monday. They issued an outperform rating and a $22.00 target price on the stock. MKM Partners reaffirmed a hold rating on shares of KB Home in a research report on Wednesday, June 22nd. Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $15.00 price target (up previously from $14.00) on shares of KB Home in a research report on Sunday, June 26th. Zacks Investment Research raised shares of KB Home from a sell rating to a hold rating in a research report on Friday, June 17th. Finally, Credit Suisse Group AG reaffirmed a sell rating and issued a $11.50 price target on shares of KB Home in a research report on Wednesday, June 22nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $15.27.

KB Home (NYSE:KBH) traded up 4.07% during midday trading on Wednesday, reaching $15.85. 1,018,911 shares of the company’s stock were exchanged. KB Home has a 12-month low of $9.04 and a 12-month high of $16.76. The stock’s 50-day moving average is $15.46 and its 200-day moving average is $14.62. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 16.22 and a beta of 1.96.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. The business had revenue of $913.30 million for the quarter. KB Home had a net margin of 3.31% and a return on equity of 6.80%. KB Home’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, equities analysts forecast that KB Home will post $1.34 earnings per share for the current year.

In other news, CEO Jeffrey T. Mezger sold 230,000 shares of the stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total value of $3,778,900.00. Following the sale, the chief executive officer now owns 606,716 shares in the company, valued at $9,968,343.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey T. Mezger sold 500,000 shares of the stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the completion of the sale, the insider now owns 606,716 shares in the company, valued at approximately $9,992,612.52. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in KB Home during the second quarter worth $161,000. Teacher Retirement System of Texas raised its stake in 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 in the last quarter. Capstone Investment Advisors LLC purchased a new stake in KB Home during the second quarter valued at approximately $166,000. Wedbush Securities Inc. purchased a new stake in KB Home during the second quarter valued at approximately $189,000. Finally, Seven Eight Capital LLC purchased a new stake in KB Home during the first quarter valued at approximately $219,000. Hedge funds and other institutional investors own 92.39% of the company’s stock.

About KB Home

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.

5 Day Chart for NYSE:KBH

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