Shares of KB Home (NYSE:KBH) have been assigned an average rating of “Hold” from the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.80.
A number of research firms have commented on KBH. Credit Suisse Group upped their price target on KB Home from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, September 29th. Barclays upped their price target on KB Home from $17.00 to $18.00 and gave the company an “underweight” rating in a research report on Friday, September 29th. Wedbush upped their price target on KB Home from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, December 29th. Keefe, Bruyette & Woods restated a “hold” rating and set a $24.00 target price on shares of KB Home in a research report on Friday, September 29th. Finally, Mizuho upgraded KB Home from an “underperform” rating to a “neutral” rating and set a $21.00 target price on the stock in a research report on Friday, September 29th.
Shares of KB Home (KBH) traded up $0.43 during mid-day trading on Tuesday, reaching $33.83. The company had a trading volume of 1,906,200 shares, compared to its average volume of 2,155,900. The company has a market cap of $2,950.00, a price-to-earnings ratio of 24.34, a P/E/G ratio of 0.77 and a beta of 1.69. KB Home has a twelve month low of $15.51 and a twelve month high of $34.11.
In related news, EVP Brian J. Woram sold 49,529 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. AllSquare Wealth Management LLC purchased a new stake in shares of KB Home in the third quarter worth approximately $113,000. Victory Capital Management Inc. raised its stake in shares of KB Home by 17.6% in 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 purchased a new stake in shares of KB Home in the second quarter worth approximately $201,000. Greenwood Capital Associates LLC purchased a new stake in shares of KB Home in the third quarter worth approximately $207,000. Finally, Shelton Capital Management purchased a new stake in shares of KB Home in the second quarter worth approximately $209,000. 96.73% of the stock is owned by hedge funds and other institutional investors.
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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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