KB Home (KBH) Stock Price Up -4.8%

KB Home (NYSE:KBH) shares rose 4.8% during trading on Monday . The company traded as high as $27.50 and last traded at $25.79. Approximately 159,458 shares traded hands during trading, a decline of 92% from the average daily volume of 1,898,326 shares. The stock had previously closed at $27.10.

KBH has been the topic of a number of research analyst reports. Wedbush reduced their target price on KB Home from $33.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, June 29th. Zacks Investment Research downgraded KB Home from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 target price on shares of KB Home in a report on Wednesday, March 21st. ValuEngine raised KB Home from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Finally, Deutsche Bank reduced their target price on KB Home from $36.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.69.

The firm has a market capitalization of $2.36 billion, a PE ratio of 14.30, a P/E/G ratio of 0.60 and a beta of 1.39.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Thursday, June 28th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.09. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.05 billion. KB Home had a return on equity of 12.31% and a net margin of 2.67%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. equities analysts forecast that KB Home will post 2.82 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC increased its position in KB Home by 1.1% in the 4th quarter. Teachers Advisors LLC now owns 156,448 shares of the construction company’s stock valued at $4,999,000 after acquiring an additional 1,676 shares during the period. New York State Common Retirement Fund increased its position in KB Home by 1.3% in the 1st quarter. New York State Common Retirement Fund now owns 171,413 shares of the construction company’s stock valued at $4,877,000 after acquiring an additional 2,228 shares during the period. SG Americas Securities LLC increased its position in KB Home by 10.3% in the 1st quarter. SG Americas Securities LLC now owns 32,418 shares of the construction company’s stock valued at $922,000 after acquiring an additional 3,016 shares during the period. UBS Asset Management Americas Inc. increased its position in KB Home by 6.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 55,612 shares of the construction company’s stock valued at $1,777,000 after acquiring an additional 3,600 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in KB Home by 53.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 11,774 shares of the construction company’s stock valued at $335,000 after acquiring an additional 4,100 shares during the period. 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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