KB Home (NYSE:KBH) Receives $63.27 Average Target Price from Brokerages

Shares of KB Home (NYSE:KBH) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $62.7273.

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on KB Home from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, December 19th. JPMorgan Chase & Co. decreased their price objective on shares of KB Home from $71.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, December 29th. Raymond James Financial lowered shares of KB Home from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 24th. Barclays lowered their price target on shares of KB Home from $71.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, December 22nd. Finally, Evercore ISI set a $65.00 price objective on KB Home and gave the stock an “in-line” rating in a report on Tuesday, October 7th.

Insider Transactions at KB Home

In other news, EVP Albert Z. Praw sold 20,284 shares of KB Home stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $60.08, for a total transaction of $1,218,662.72. Following the completion of the sale, the executive vice president owned 104,062 shares in the company, valued at $6,252,044.96. The trade was a 16.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.89% of the company’s stock.

Institutional Trading of KB Home

Several institutional investors and hedge funds have recently made changes to their positions in KBH. Fulcrum Asset Management LLP bought a new stake in KB Home in the third quarter valued at about $36,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of KB Home in the 2nd quarter valued at about $44,000. Aventura Private Wealth LLC bought a new stake in shares of KB Home in the 4th quarter valued at about $46,000. Jones Financial Companies Lllp raised its position in shares of KB Home by 44.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock valued at $49,000 after acquiring an additional 240 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in KB Home by 2,848.4% during the 3rd quarter. SBI Securities Co. Ltd. now owns 914 shares of the construction company’s stock worth $58,000 after acquiring an additional 883 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of NYSE KBH opened at $61.62 on Monday. KB Home has a 52-week low of $48.90 and a 52-week high of $71.65. The business has a fifty day moving average of $60.73 and a two-hundred day moving average of $60.77. The stock has a market cap of $3.99 billion, a PE ratio of 12.55, a PEG ratio of 3.61 and a beta of 1.43.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.13. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. KB Home had a net margin of 6.88% and a return on equity of 11.40%. The firm’s quarterly revenue was down 15.5% on a year-over-year basis. During the same period last year, the firm posted $2.52 EPS. Analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.