Wedbush reaffirmed their neutral rating on shares of KB Home (NYSE:KBH) in a research note published on Thursday morning. Wedbush currently has a $29.00 price objective on the construction company’s stock, up from their previous price objective of $25.00. Wedbush also issued estimates for KB Home’s Q4 2019 earnings at $1.03 EPS.

KBH has been the topic of a number of other research reports. Credit Suisse Group dropped their price target on shares of KB Home from $32.00 to $29.00 and set a neutral rating on the stock in a research note on Friday, June 29th. ValuEngine cut shares of KB Home from a hold rating to a sell rating in a research note on Wednesday, July 25th. Barclays raised shares of KB Home from an underweight rating to an equal weight rating in a research note on Friday, June 29th. Zacks Investment Research cut shares of KB Home from a buy rating to a hold rating in a research note on Monday, June 11th. Finally, Bank of America raised shares of KB Home from an underperform rating to a buy rating and lifted their price target for the company from $32.00 to $37.00 in a research note on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. KB Home presently has a consensus rating of Hold and a consensus price target of $31.00.

Shares of NYSE KBH opened at $25.37 on Thursday. The company has a market cap of $2.22 billion, a PE ratio of 13.71, a PEG ratio of 0.51 and a beta of 1.38. KB Home has a 12 month low of $20.68 and a 12 month high of $38.80.

KB Home (NYSE:KBH) last released its quarterly earnings results on Thursday, June 28th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. KB Home had a net margin of 2.67% and a return on equity of 12.31%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. research analysts forecast that KB Home will post 2.81 earnings per share for the current fiscal year.

In other KB Home news, insider Jeffrey T. Mezger sold 272,818 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $23.39, for a total value of $6,381,213.02. Following the transaction, the insider now owns 861,287 shares in the company, valued at approximately $20,145,502.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey T. Mezger sold 100,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 861,287 shares in the company, valued at approximately $20,291,921.72. The disclosure for this sale can be found here. Insiders sold a total of 497,818 shares of company stock worth $11,752,213 in the last 90 days. 8.60% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in KBH. SG Americas Securities LLC lifted its holdings in KB Home by 10.3% in the 1st quarter. SG Americas Securities LLC now owns 32,418 shares of the construction company’s stock valued at $922,000 after purchasing an additional 3,016 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in KB Home by 6.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 81,687 shares of the construction company’s stock valued at $2,324,000 after purchasing an additional 4,598 shares in the last quarter. Swiss National Bank raised its holdings in shares of KB Home by 3.8% during the 1st quarter. Swiss National Bank now owns 134,300 shares of the construction company’s stock worth $3,821,000 after acquiring an additional 4,900 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of KB Home by 21.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 679,172 shares of the construction company’s stock worth $19,323,000 after acquiring an additional 119,770 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of KB Home by 33.6% during the 1st quarter. Northern Trust Corp now owns 1,937,861 shares of the construction company’s stock worth $55,132,000 after acquiring an additional 487,495 shares during the period. Institutional investors own 85.30% 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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