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.

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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.

Analyst Recommendations for KB Home (NYSE:KBH)

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