KB Home (KBH) Receives New Coverage from Analysts at Wedbush
Other analysts have also issued research reports about the company. TheStreet upgraded KB Home from a hold rating to a buy rating in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded KB Home from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research note on Monday, July 18th. Buckingham Research upgraded KB Home from a neutral rating to a buy rating in a research note on Monday. Argus restated a hold rating on shares of KB Home in a research note on Monday, July 18th. Finally, MKM Partners restated a hold rating on shares of KB Home in a research note on Tuesday, June 7th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. KB Home has a consensus rating of Hold and a consensus price target of $15.38.
Shares of KB Home (NYSE:KBH) opened at 15.65 on Monday. The company has a 50-day moving average price of $15.46 and a 200 day moving average price of $14.63. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 16.02 and a beta of 1.96. KB Home has a 52 week low of $9.04 and a 52 week high of $16.76.
KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. KB Home had a return on equity of 6.77% and a net margin of 3.31%. The firm earned $913.30 million during the quarter. During the same period last year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that KB Home will post $1.32 EPS for the current fiscal year.
In related news, insider Jeffrey T. Mezger sold 500,000 shares of the business’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $16.47, for a total value of $8,235,000.00. Following the completion of the sale, the insider now directly owns 606,716 shares of the company’s stock, valued at approximately $9,992,612.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey T. Mezger sold 110,000 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $16.39, for a total value of $1,802,900.00. Following the completion of the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at $9,944,075.24. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of KB Home during the fourth quarter worth approximately $10,377,000. Creative Planning raised its stake in shares of KB Home by 2,059.5% in the first quarter. Creative Planning now owns 90,700 shares of the company’s stock worth $1,295,000 after buying an additional 86,500 shares during the last quarter. Aperio Group LLC raised its stake in shares of KB Home by 42.0% in the first quarter. Aperio Group LLC now owns 167,484 shares of the company’s stock worth $2,392,000 after buying an additional 49,537 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its stake in shares of KB Home by 12.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 36,900 shares of the company’s stock worth $527,000 after buying an additional 4,100 shares during the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in shares of KB Home during the first quarter worth approximately $918,000. 92.39% of the stock is owned by institutional investors and hedge funds.
About KB Home
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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