KB Home (NYSE:KBH) had its price objective decreased by Credit Suisse Group from $29.00 to $27.00 in a research note published on Wednesday morning. Credit Suisse Group currently has a hold rating on the construction company’s stock.

KBH has been the topic of several other reports. Citigroup raised their price objective on KB Home from $27.00 to $28.00 and gave the company a neutral rating in a research note on Wednesday, June 27th. MKM Partners set a $32.00 price objective on KB Home and gave the company a hold rating in a research note on Wednesday. Bank of America upgraded KB Home from an underperform rating to a buy rating and raised their price objective for the company from $32.00 to $37.00 in a research note on Friday, June 29th. JMP Securities upgraded KB Home from a market perform rating to an outperform rating and set a $30.00 price objective on the stock in a research note on Wednesday. Finally, Barclays upgraded KB Home from an underweight rating to an equal weight rating in a research note on Friday, June 29th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $31.06.

NYSE:KBH traded down $0.42 during trading hours on Wednesday, hitting $24.09. 57,328 shares of the company traded hands, compared to its average volume of 1,816,671. KB Home has a one year low of $21.32 and a one year high of $38.80. The stock has a market cap of $2.22 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 0.51 and a beta of 1.38.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 25th. The construction company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.10. KB Home had a return on equity of 14.18% and a net margin of 3.43%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business earned $0.51 EPS. The business’s revenue was up 7.1% on a year-over-year basis. equities research analysts forecast that KB Home will post 2.81 earnings per share for the current year.

In other news, insider Jeffrey T. Mezger sold 272,818 shares of KB Home stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $23.39, for a total transaction of $6,381,213.02. Following the sale, the insider now directly owns 861,287 shares in the company, valued at approximately $20,145,502.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey T. Mezger sold 100,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $23.56, for a total value of $2,356,000.00. Following the completion of the sale, the chief executive officer now owns 861,287 shares in the company, valued at $20,291,921.72. The disclosure for this sale can be found here. Insiders have sold a total of 497,818 shares of company stock worth $11,752,213 over the last quarter. Company insiders own 8.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Northern Trust Corp raised its stake in KB Home by 5.7% in the 2nd quarter. Northern Trust Corp now owns 2,047,845 shares of the construction company’s stock valued at $55,784,000 after acquiring an additional 109,984 shares during the period. South Street Advisors LLC raised its stake in KB Home by 2.6% in the 2nd quarter. South Street Advisors LLC now owns 194,272 shares of the construction company’s stock valued at $5,291,000 after acquiring an additional 4,980 shares during the period. Verition Fund Management LLC raised its stake in KB Home by 84.7% in the 2nd quarter. Verition Fund Management LLC now owns 14,965 shares of the construction company’s stock valued at $408,000 after acquiring an additional 6,863 shares during the period. Zacks Investment Management raised its stake in KB Home by 5.3% in the 2nd quarter. Zacks Investment Management now owns 56,337 shares of the construction company’s stock valued at $1,535,000 after acquiring an additional 2,831 shares during the period. Finally, Voya Investment Management LLC raised its stake in KB Home by 10.0% in the 2nd quarter. Voya Investment Management LLC now owns 266,046 shares of the construction company’s stock valued at $7,247,000 after acquiring an additional 24,259 shares during the period. Institutional investors and hedge funds own 85.33% of the company’s stock.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It 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. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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Analyst Recommendations for KB Home (NYSE:KBH)

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