Wedbush began coverage on shares of KB Home (NYSE:KBH) in a research note issued to investors on Monday. The brokerage issued an outperform rating and a $22.00 price objective on the stock.

Several other research analysts have also issued reports on the stock. MKM Partners set a $13.00 price target on shares of KB Home and gave the company a hold rating in a research report on Wednesday, September 14th. Argus restated a hold rating on shares of KB Home in a research report on Monday, July 18th. Zacks Investment Research upgraded shares of KB Home from a hold rating to a buy rating and set a $18.00 price target for the company in a research report on Monday, July 18th. Buckingham Research lowered shares of KB Home from a buy rating to a neutral rating and set a $18.00 price target for the company. in a research report on Monday, July 18th. Finally, Credit Suisse Group AG restated a sell rating and set a $11.50 price target on shares of KB Home in a research report on Wednesday, June 22nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $15.38.

Shares of KB Home (NYSE:KBH) opened at 15.65 on Monday. KB Home has a 12 month low of $9.04 and a 12 month high of $16.76. The company has a 50-day moving average price of $15.46 and a 200-day moving average price of $14.63. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 16.02 and a beta of 1.96.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.03. KB Home had a net margin of 3.31% and a return on equity of 6.77%. The company earned $913.30 million during the quarter. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts anticipate that KB Home will post $1.32 EPS for the current year.

In related news, insider Jeffrey T. Mezger sold 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the completion of the sale, the insider now owns 606,716 shares of the company’s stock, valued at $9,992,612.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey T. Mezger sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $16.39, for a total transaction of $1,802,900.00. Following the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at approximately $9,944,075.24. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Nuveen Asset Management LLC increased its stake in shares of KB Home by 0.4% in the second quarter. Nuveen Asset Management LLC now owns 83,397 shares of the company’s stock valued at $1,268,000 after buying an additional 364 shares during the period. Teacher Retirement System of Texas increased its stake in shares of KB Home by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 10,689 shares of the company’s stock valued at $163,000 after buying an additional 538 shares during the period. Comerica Bank increased its stake in shares of KB Home by 1.1% in the second quarter. Comerica Bank now owns 57,280 shares of the company’s stock valued at $901,000 after buying an additional 616 shares during the period. HL Financial Services LLC increased its stake in shares of KB Home by 0.4% in the second quarter. HL Financial Services LLC now owns 149,329 shares of the company’s stock valued at $2,271,000 after buying an additional 662 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of KB Home by 2.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 30,324 shares of the company’s stock valued at $461,000 after buying an additional 686 shares during the period. 92.39% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:KBH

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