KB Home (KBH) Rating Reiterated by Royal Bank Of Canada
KB Home (NYSE:KBH)‘s stock had its “hold” rating restated by Royal Bank Of Canada in a report issued on Wednesday. They presently have a $31.00 price target on the construction company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 7.23% from the company’s current price.
KBH has been the topic of several other research reports. MKM Partners restated a “neutral” rating on shares of KB Home in a report on Tuesday, September 5th. KeyCorp restated a “hold” rating on shares of KB Home in a report on Tuesday, September 26th. Wedbush restated a “buy” rating and issued a $26.00 target price on shares of KB Home in a report on Friday, September 22nd. Credit Suisse Group raised their target price on shares of KB Home from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, September 29th. Finally, Barclays PLC raised their target price on shares of KB Home from $17.00 to $18.00 and gave the stock an “underweight” rating in a report on Friday, September 29th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.44.
KB Home (KBH) traded up $0.53 during trading hours on Wednesday, hitting $28.91. 2,170,000 shares of the stock were exchanged, compared to its average volume of 2,330,000. KB Home has a 1 year low of $15.03 and a 1 year high of $29.00. The stock has a market capitalization of $2,500.00, a PE ratio of 20.61, a price-to-earnings-growth ratio of 0.83 and a beta of 1.66.
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 Zacks’ consensus estimate of $0.47 by $0.04. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. equities research analysts expect that KB Home will post 1.77 earnings per share for the current fiscal year.
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In other KB Home news, EVP Brian J. Woram sold 49,529 shares of KB Home stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $27.11, for a total value of $1,342,731.19. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Albert Z. Praw sold 150,000 shares of KB Home stock in a transaction on Monday, October 9th. The shares were sold at an average price of $25.85, for a total transaction of $3,877,500.00. The disclosure for this sale can be found here. 8.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in KBH. BlackRock Inc. increased its holdings in KB Home by 19,999.6% in the 1st quarter. BlackRock Inc. now owns 10,064,270 shares of the construction company’s stock valued at $200,078,000 after acquiring an additional 10,014,198 shares during the last quarter. Vanguard Group Inc. increased its holdings in KB Home by 7.7% in the 2nd quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock valued at $165,031,000 after acquiring an additional 492,594 shares during the last quarter. Capital World Investors increased its holdings in KB Home by 30.1% in the 2nd quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock valued at $50,744,000 after acquiring an additional 490,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in KB Home by 16.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock valued at $67,196,000 after acquiring an additional 394,584 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new stake in KB Home in the 2nd quarter valued at $8,539,000. Institutional investors own 97.58% of the company’s stock.
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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