KB Home (KBH) Shares Gap Up to $34.35
KB Home (NYSE:KBH) gapped up prior to trading on Friday . The stock had previously closed at $32.60, but opened at $34.35. KB Home shares last traded at $38.58, with a volume of 13251399 shares trading hands.
KBH has been the subject of several recent analyst reports. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a research report on Monday, December 4th. Royal Bank of Canada reaffirmed a “hold” rating and set a $31.00 price objective on shares of KB Home in a research report on Wednesday, November 15th. Wedbush reaffirmed an “ourperform” rating and set a $26.00 price objective on shares of KB Home in a research report on Saturday, September 16th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $27.00 price objective (up previously from $25.50) on shares of KB Home in a research report on Tuesday, December 19th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $24.00 price objective (up previously from $23.00) on shares of KB Home in a research report on Monday, October 2nd. Eight analysts have rated the stock with a sell rating, ten have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.53.
The company has a market capitalization of $3,200.00, a price-to-earnings ratio of 26.60, a P/E/G ratio of 0.77 and a beta of 1.69.
KB Home (NYSE:KBH) last posted its earnings results on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 earnings per share. equities analysts predict that KB Home will post 1.77 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. Atlantic Trust Group LLC bought a new position in shares of KB Home in the third quarter worth about $1,250,000. GSA Capital Partners LLP bought a new position in shares of KB Home in the third quarter worth about $247,000. Piedmont Investment Advisors LLC bought a new position in shares of KB Home in the third quarter worth about $1,041,000. California Public Employees Retirement System lifted its holdings in shares of KB Home by 12.1% in the third quarter. California Public Employees Retirement System now owns 280,808 shares of the construction company’s stock worth $6,773,000 after acquiring an additional 30,408 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of KB Home in the third quarter worth about $706,000. 96.73% of the stock is owned by hedge funds and other institutional investors.
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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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