KB Home (NYSE:KBH) – Analysts at Wedbush cut their FY2016 earnings per share (EPS) estimates for KB Home in a research note issued on Wednesday. Wedbush analyst J. Mccanless now forecasts that the brokerage will earn $1.31 per share for the year, down from their previous forecast of $1.36. Wedbush currently has a “Outperform” rating and a $22.00 target price on the stock. Wedbush also issued estimates for KB Home’s Q4 2016 earnings at $0.60 EPS, Q1 2017 earnings at $0.17 EPS, Q2 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.74 EPS and FY2017 earnings at $1.65 EPS.

KBH has been the subject of a number of other research reports. MKM Partners restated a “hold” rating on shares of KB Home in a report on Wednesday, June 22nd. Zacks Investment Research cut shares of KB Home from a “hold” rating to a “sell” rating in a report on Tuesday, June 7th. Credit Suisse Group AG reiterated a “sell” rating on shares of KB Home in a report on Tuesday, June 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $15.00 price target (up previously from $14.00) on shares of KB Home in a report on Sunday, June 26th. Finally, TheStreet upgraded shares of KB Home from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $15.27.

KB Home (NYSE:KBH) traded up 2.36% during mid-day trading on Thursday, hitting $15.59. 2,288,936 shares of the stock were exchanged. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 15.96 and a beta of 1.96. The company has a 50 day moving average price of $15.46 and a 200 day moving average price of $14.62. KB Home has a 52-week low of $9.04 and a 52-week high of $16.76.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, September 20th. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. The firm had revenue of $913.30 million for the quarter. KB Home had a net margin of 3.31% and a return on equity of 6.80%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS.

Institutional investors have recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its position in KB Home by 0.4% in the second quarter. Nuveen Asset Management LLC now owns 83,397 shares of the company’s stock worth $1,268,000 after buying an additional 364 shares during the period. Teacher Retirement System of Texas boosted its position in KB Home by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 10,689 shares of the company’s stock worth $163,000 after buying an additional 538 shares during the period. Comerica Bank boosted its position in KB Home by 1.1% in the second quarter. Comerica Bank now owns 57,280 shares of the company’s stock worth $901,000 after buying an additional 616 shares during the period. HL Financial Services LLC boosted its position in KB Home by 0.4% in the second quarter. HL Financial Services LLC now owns 149,329 shares of the company’s stock worth $2,271,000 after buying an additional 662 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its position in KB Home by 2.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 30,324 shares of the company’s stock worth $461,000 after buying an additional 686 shares during the period. 92.39% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Jeffrey T. Mezger sold 230,000 shares of the company’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the transaction, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at approximately $9,968,343.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey T. Mezger sold 500,000 shares of the company’s stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the transaction, the insider now directly owns 606,716 shares in the company, valued at $9,992,612.52. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

KB Home Company Profile

KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.

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