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.
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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