KB Home (NYSE:KBH) had its price objective decreased by equities researchers at Deutsche Bank from $36.00 to $33.00 in a report released on Monday. The brokerage presently has a “hold” rating on the construction company’s stock. Deutsche Bank’s price objective would suggest a potential upside of 13.48% from the stock’s current price.
KBH has been the subject of a number of other research reports. JPMorgan Chase reissued an “underweight” rating and issued a $27.00 price objective (up previously from $25.50) on shares of KB Home in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $33.00 price objective on shares of KB Home in a research report on Friday, December 22nd. Buckingham Research downgraded shares of KB Home from a “neutral” rating to an “underperform” rating and lifted their price objective for the company from $28.00 to $34.00 in a research report on Friday, January 12th. They noted that the move was a valuation call. Wedbush decreased their price objective on shares of KB Home from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, March 23rd. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $38.00 price objective (up previously from $31.00) on shares of KB Home in a research report on Monday, January 22nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.25.
Shares of KBH opened at $29.08 on Monday. KB Home has a one year low of $19.72 and a one year high of $38.80. The stock has a market capitalization of $2,523.04, a PE ratio of 15.72, a PEG ratio of 0.64 and a beta of 1.42. The company has a quick ratio of 0.26, a current ratio of 1.37 and a debt-to-equity ratio of 1.21.
KB Home (NYSE:KBH) last announced its quarterly earnings data on Thursday, March 22nd. The construction company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.11. KB Home had a net margin of 2.15% and a return on equity of 11.16%. The company had revenue of $871.60 million during the quarter, compared to the consensus estimate of $878.77 million. During the same quarter last year, the firm posted $0.15 EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. research analysts forecast that KB Home will post 2.81 earnings per share for the current fiscal year.
In other KB Home news, SVP Thomas F. Norton sold 47,179 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total value of $1,430,467.28. Following the completion of the sale, the senior vice president now owns 103,562 shares of the company’s stock, valued at approximately $3,139,999.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeff Kaminski sold 125,000 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the completion of the sale, the chief financial officer now directly owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Swiss National Bank boosted its holdings in KB Home by 2.9% in the 4th quarter. Swiss National Bank now owns 129,400 shares of the construction company’s stock valued at $4,134,000 after purchasing an additional 3,700 shares during the period. Foundry Partners LLC boosted its holdings in KB Home by 3.3% in the 4th quarter. Foundry Partners LLC now owns 682,170 shares of the construction company’s stock valued at $21,795,000 after purchasing an additional 21,749 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in KB Home by 9.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 200,465 shares of the construction company’s stock valued at $6,405,000 after purchasing an additional 17,425 shares during the period. Piedmont Investment Advisors LLC bought a new stake in KB Home in the 3rd quarter valued at about $1,041,000. Finally, New Mexico Educational Retirement Board bought a new stake in KB Home in the 4th quarter valued at about $658,000. 95.66% 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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