KB Home’s (KBH) Sell Rating Reiterated at BTIG Research
KB Home (NYSE:KBH)‘s stock had its “sell” rating reiterated by research analysts at BTIG Research in a report released on Monday. They currently have a $16.00 price objective on the construction company’s stock. BTIG Research’s price objective points to a potential downside of 33.67% from the company’s current price.
KBH has been the topic of a number of other reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $24.00 price target on shares of KB Home in a research note on Friday. BidaskClub lowered shares of KB Home from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. KeyCorp reiterated a “hold” rating on shares of KB Home in a research report on Tuesday, September 26th. Mizuho cut shares of KB Home from a “neutral” rating to an “underperform” rating and set a $21.00 price objective for the company. in a research report on Monday, July 10th. Finally, Credit Suisse Group increased their price objective on shares of KB Home from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. KB Home presently has a consensus rating of “Hold” and an average price target of $21.40.
Shares of KB Home (NYSE:KBH) traded up 2.07% during trading on Monday, hitting $24.62. 3,835,363 shares of the company’s stock were exchanged. KB Home has a 1-year low of $14.06 and a 1-year high of $24.69. The stock has a market cap of $2.12 billion, a PE ratio of 17.60 and a beta of 1.53. The stock’s 50-day moving average price is $22.15 and its 200-day moving average price is $21.46. KB Home also was the target of unusually large options trading on Friday. Investors acquired 9,977 call options on the stock. This represents an increase of 596% compared to the average daily volume of 1,434 call options.
KB Home (NYSE:KBH) last released its quarterly earnings data on Thursday, September 28th. The construction company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. KB Home had a return on equity of 7.57% and a net margin of 3.22%. KB Home’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted $0.42 earnings per share. On average, equities analysts expect that KB Home will post $1.68 earnings per share for the current fiscal year.
In other KB Home news, insider Jeffrey T. Mezger sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the completion of the transaction, the insider now owns 682,996 shares in the company, valued at approximately $15,579,138.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP William R. Hollinger sold 57,405 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total transaction of $1,331,221.95. Following the transaction, the senior vice president now owns 214,306 shares of the company’s stock, valued at approximately $4,969,756.14. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of KBH. BlackRock Inc. boosted its stake in shares of KB Home by 19,999.6% in the 1st quarter. BlackRock Inc. now owns 10,064,270 shares of the construction company’s stock valued at $200,078,000 after purchasing an additional 10,014,198 shares during the last quarter. Vanguard Group Inc. increased its position in shares of KB Home by 7.7% during the second quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after buying an additional 492,594 shares during the period. Capital World Investors increased its position in shares of KB Home by 30.1% during the second quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock worth $50,744,000 after buying an additional 490,000 shares during the period. Dimensional Fund Advisors LP increased its position in shares of KB Home by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock worth $67,196,000 after buying an additional 394,584 shares during the period. Finally, Artemis Investment Management LLP acquired a new stake in shares of KB Home during the second quarter worth $8,539,000. Hedge funds and other institutional investors own 98.37% 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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