KB Home Sees Unusually Large Options Volume (KBH)
KB Home (NYSE:KBH) saw some unusual options trading on Tuesday. Stock traders bought 4,020 put options on the stock. This represents an increase of 1,075% compared to the typical volume of 342 put options.
Several equities analysts have recently commented on the company. Zacks Investment Research cut KB Home from a “buy” rating to a “hold” rating in a research note on Monday, December 4th. Credit Suisse Group reiterated a “neutral” rating and set a $31.00 target price (up from $25.00) on shares of KB Home in a research note on Thursday. Buckingham Research cut KB Home from a “neutral” rating to an “underperform” rating and set a $34.00 target price for the company. in a research note on Friday. Mizuho upgraded KB Home from an “underperform” rating to a “neutral” rating and set a $21.00 target price for the company in a research note on Friday, September 29th. Finally, Wedbush cut KB Home from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 19th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $26.25.
KB Home (KBH) opened at $36.98 on Friday. KB Home has a one year low of $15.51 and a one year high of $38.80. The stock has a market capitalization of $3,200.00, a price-to-earnings ratio of 26.60, a P/E/G ratio of 0.67 and a beta of 1.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.22 and a current ratio of 5.36.
KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business posted $0.40 earnings per share. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. analysts predict that KB Home will post 2.37 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. AllSquare Wealth Management LLC bought a new position in KB Home during the third quarter worth $113,000. Victory Capital Management Inc. lifted its stake in KB Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after purchasing an additional 1,241 shares during the last quarter. Yorktown Management & Research Co Inc bought a new position in KB Home during the second quarter worth $201,000. Greenwood Capital Associates LLC bought a new position in KB Home during the third quarter worth $207,000. Finally, Shelton Capital Management bought a new position in KB Home during the second quarter worth $209,000. Hedge funds and other institutional investors own 96.73% of the company’s stock.
KB Home Company Profile
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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