KB Home (KBH) Price Target Raised to $25.00
KB Home (NYSE:KBH) had its target price lifted by Credit Suisse Group from $24.00 to $25.00 in a research report report published on Friday. The firm currently has a neutral rating on the construction company’s stock.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of KB Home from a buy rating to a hold rating in a research note on Tuesday, September 5th. MKM Partners restated a neutral rating on shares of KB Home in a research report on Tuesday, September 5th. Royal Bank Of Canada reaffirmed a hold rating and set a $25.00 price objective on shares of KB Home in a report on Tuesday, August 29th. Deutsche Bank AG increased their price objective 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. Finally, Mizuho lowered shares of KB Home from a neutral rating to an underperform rating and set a $21.00 target price on the stock. in a research report on Monday, July 10th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $21.20.
KB Home (KBH) opened at 24.12 on Friday. The stock has a market capitalization of $2.07 billion, a PE ratio of 17.24 and a beta of 1.53. The company’s 50-day moving average is $22.15 and its 200 day moving average is $21.46. KB Home has a 1-year low of $14.06 and a 1-year high of $24.60.
KB Home (NYSE:KBH) last announced its earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.04. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. Equities analysts predict that KB Home will post $1.68 earnings per share for the current year.
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In other news, insider Jeffrey T. Mezger sold 400,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 682,996 shares of the company’s stock, valued at approximately $15,579,138.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP William R. Hollinger sold 57,405 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the transaction, the senior vice president now directly owns 214,306 shares in the company, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning increased its position in KB Home by 34.9% during the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after purchasing an additional 1,110 shares during the last quarter. LS Investment Advisors LLC raised its stake in KB Home by 18.0% during the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock worth $156,000 after purchasing an additional 991 shares during the period. Envestnet Asset Management Inc. raised its stake in KB Home by 10.5% during the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock worth $134,000 after purchasing an additional 639 shares during the period. Victory Capital Management Inc. raised its stake in KB Home by 40.2% during the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock worth $140,000 after purchasing an additional 2,020 shares during the period. Finally, Yorktown Management & Research Co Inc purchased a new position in KB Home during the second quarter worth about $201,000. 98.37% of the stock is owned by hedge funds and other institutional investors.
About KB Home
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.
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