KB Home (KBH) Stock Rating Reaffirmed by Buckingham Research
KB Home (NYSE:KBH)‘s stock had its “neutral” rating reaffirmed by analysts at Buckingham Research in a research note issued to investors on Friday. They currently have a $22.00 price objective on the construction company’s stock, up from their prior price objective of $21.00. Buckingham Research’s price target points to a potential downside of 8.79% from the stock’s previous close.
A number of other research firms also recently issued reports on KBH. Deutsche Bank AG boosted their target price on shares of KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a report on Friday, June 30th. MKM Partners reaffirmed a “neutral” rating on shares of KB Home in a research note on Tuesday, September 5th. Wedbush cut their price target on shares of KB Home from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, June 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $25.00 price target on shares of KB Home in a report on Tuesday, August 29th. Finally, KeyCorp reiterated a “hold” rating on shares of KB Home in a report on Tuesday, September 26th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $21.40.
KB Home (NYSE KBH) traded up 2.20% during midday trading on Friday, hitting $24.65. 4,092,987 shares of the stock were exchanged. The firm has a 50 day moving average of $22.15 and a 200-day moving average of $21.46. KB Home has a 12-month low of $14.06 and a 12-month high of $24.69. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 17.62 and a beta of 1.53. KB Home also saw some unusual options trading on Friday. Traders bought 9,977 call options on the stock. This represents an increase of approximately 596% compared to the typical volume of 1,434 call options.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Thursday, September 28th. The construction company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the business earned $0.42 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. On average, equities analysts expect that KB Home will post $1.73 earnings per share for the current year.
WARNING: This piece was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/buckingham-research-increases-kb-home-kbh-price-target-to-22-00/1600578.html.
In other news, SVP William R. Hollinger sold 57,405 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total value of $1,331,221.95. Following the completion of the transaction, the senior vice president now directly owns 214,306 shares in the company, valued at $4,969,756.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey T. Mezger sold 400,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the completion of the transaction, the insider now owns 682,996 shares of the company’s stock, valued at $15,579,138.76. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its stake in KB Home by 17.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 93,500 shares of the construction company’s stock worth $2,241,000 after buying an additional 13,600 shares during the period. Renaissance Group LLC acquired a new position in KB Home in the 2nd quarter worth $405,000. Geneva Advisors LLC acquired a new position in KB Home in the 2nd quarter worth $722,000. Chicago Equity Partners LLC lifted its holdings in KB Home by 106.3% in the 2nd quarter. Chicago Equity Partners LLC now owns 192,155 shares of the construction company’s stock worth $4,606,000 after buying an additional 99,015 shares in the last quarter. Finally, CIBC World Markets Inc. lifted its holdings in KB Home by 2.6% in the 2nd quarter. CIBC World Markets Inc. now owns 186,011 shares of the construction company’s stock worth $4,459,000 after buying an additional 4,724 shares in the last quarter. 98.37% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with Analyst Ratings Network's FREE daily email newsletter.