KB Home (NYSE:KBH) had its price target decreased by Wedbush from $33.00 to $29.00 in a research note released on Friday. Wedbush currently has a neutral rating on the construction company’s stock. Wedbush also issued estimates for KB Home’s Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $3.03 EPS, Q1 2019 earnings at $0.40 EPS, Q2 2019 earnings at $0.74 EPS, Q3 2019 earnings at $0.85 EPS, Q4 2019 earnings at $1.20 EPS and FY2019 earnings at $3.19 EPS.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of KB Home from a hold rating to a buy rating and set a $33.00 price target on the stock in a research report on Tuesday, March 27th. ValuEngine lowered shares of KB Home from a buy rating to a hold rating in a research report on Monday, April 2nd. UBS Group raised shares of KB Home from a sell rating to a neutral rating in a research report on Tuesday, March 27th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $34.00 price objective on shares of KB Home in a research report on Wednesday, March 21st. Finally, Wells Fargo & Co raised shares of KB Home from a market perform rating to an outperform rating and set a $35.00 price objective on the stock in a research report on Friday, March 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $30.69.
Shares of KB Home traded up $1.86, reaching $27.24, during trading hours on Friday, according to MarketBeat Ratings. 5,798,495 shares of the stock traded hands, compared to its average volume of 1,665,383. KB Home has a 52 week low of $20.68 and a 52 week high of $38.80. The firm has a market capitalization of $2.20 billion, a P/E ratio of 14.72, a PEG ratio of 0.56 and a beta of 1.44.
KB Home (NYSE:KBH) last released its quarterly earnings results on Thursday, June 28th. The construction company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. KB Home had a net margin of 2.67% and a return on equity of 12.37%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm earned $0.33 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. analysts predict that KB Home will post 2.84 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in KBH. Dynamic Technology Lab Private Ltd purchased a new position in shares of KB Home in the first quarter worth about $407,000. Principal Financial Group Inc. increased its stake in shares of KB Home by 4.4% in the first quarter. Principal Financial Group Inc. now owns 477,076 shares of the construction company’s stock worth $13,573,000 after purchasing an additional 20,079 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of KB Home in the first quarter worth about $1,132,000. CIBC World Markets Inc. purchased a new position in shares of KB Home in the first quarter worth about $5,449,000. Finally, Xact Kapitalforvaltning AB increased its stake in shares of KB Home by 53.4% in the first quarter. Xact Kapitalforvaltning AB now owns 11,774 shares of the construction company’s stock worth $335,000 after purchasing an additional 4,100 shares in the last quarter. 87.86% of the stock is currently owned by institutional investors and hedge funds.
About KB Home
KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.
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