KB Home (NYSE:KBH) had its price objective boosted by equities research analysts at Bank of America from $37.00 to $38.00 in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the construction company’s stock. Bank of America’s price target suggests a potential upside of 59.40% from the stock’s previous close.

Several other analysts also recently weighed in on KBH. JMP Securities raised shares of KB Home from a “market perform” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Wednesday. Zacks Investment Research downgraded shares of KB Home from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Barclays set a $27.00 price target on shares of KB Home and gave the stock a “hold” rating in a research note on Friday, September 14th. Wedbush lowered their price target on shares of KB Home from $33.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, June 29th. Finally, Credit Suisse Group lowered their price target on shares of KB Home from $32.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, June 29th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. KB Home has an average rating of “Hold” and an average price target of $31.00.

Shares of NYSE:KBH opened at $23.84 on Wednesday. The firm has a market capitalization of $2.22 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.51 and a beta of 1.38. KB Home has a 52-week low of $21.61 and a 52-week high of $38.80.

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

In other news, CEO Jeffrey T. Mezger sold 100,000 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $23.56, for a total transaction of $2,356,000.00. Following the completion of the transaction, the chief executive officer now directly owns 861,287 shares of the company’s stock, valued at $20,291,921.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey T. Mezger sold 125,000 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $24.12, for a total transaction of $3,015,000.00. Following the transaction, the insider now directly owns 811,287 shares of the company’s stock, valued at $19,568,242.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 497,818 shares of company stock valued at $11,752,213. Insiders own 8.60% of the company’s stock.

Several large investors have recently modified their holdings of KBH. Itau Unibanco Holding S.A. bought a new position in shares of KB Home during the second quarter valued at about $115,000. CenterStar Asset Management LLC bought a new position in shares of KB Home during the second quarter valued at about $128,000. Cerebellum GP LLC bought a new position in shares of KB Home during the second quarter valued at about $176,000. Point72 Asia Hong Kong Ltd bought a new position in shares of KB Home during the first quarter valued at about $238,000. Finally, Koch Industries Inc. bought a new position in shares of KB Home during the first quarter valued at about $246,000. 85.33% of the stock is owned by hedge funds and other institutional investors.

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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