Buckingham Research upgraded shares of KB Home (NYSE:KBH) from a neutral rating to a buy rating in a report released on Monday.

Analyst Recommendations for KB Home (NYSE:KBH)

Several other equities research analysts have also issued reports on KBH. MKM Partners reissued a hold rating on shares of KB Home in a research report on Tuesday, June 7th. Zacks Investment Research lowered shares of KB Home from a hold rating to a sell rating in a research report on Tuesday, June 7th. FBR & Co increased their price objective on shares of KB Home from $15.00 to $16.00 and gave the stock a market perform rating in a research report on Wednesday, June 22nd. Credit Suisse Group AG reissued a sell rating and issued a $11.50 price objective on shares of KB Home in a research report on Wednesday, June 22nd. Finally, TheStreet raised shares of KB Home from a hold rating to a buy rating in a research report on Wednesday, June 22nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. 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 firm has a market cap of $1.32 billion, a P/E ratio of 16.02 and a beta of 1.96. KB Home has a 12-month low of $9.04 and a 12-month high of $16.76. The firm has a 50-day moving average of $15.46 and a 200-day moving average of $14.63.

KB Home (NYSE:KBH) last released its quarterly earnings data 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 period in the previous year, the company earned $0.23 EPS. KB Home’s revenue was up 8.3% on a year-over-year basis. On average, equities analysts forecast that KB Home will post $1.32 earnings per share for the current fiscal year.

In other KB Home news, CEO Jeffrey T. Mezger sold 110,000 shares of the firm’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 transaction, the chief executive officer now directly owns 606,716 shares in the company, valued at $9,944,075.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey T. Mezger sold 500,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 606,716 shares of the company’s stock, valued at $9,992,612.52. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC purchased a new position in shares of KB Home during the second quarter valued at approximately $580,000. Royal Bank of Canada boosted its position in shares of KB Home by 46.7% in the second quarter. Royal Bank of Canada now owns 151,340 shares of the company’s stock valued at $2,302,000 after buying an additional 48,163 shares during the last quarter. Sterling Capital Management LLC purchased a new position in shares of KB Home during the second quarter valued at approximately $743,000. Schwab Charles Investment Management Inc. boosted its position in shares of KB Home by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 303,504 shares of the company’s stock valued at $4,617,000 after buying an additional 1,771 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC boosted its position in shares of KB Home by 16.5% in the second quarter. Strategic Wealth Advisors Group LLC now owns 17,483 shares of the company’s stock valued at $266,000 after buying an additional 2,476 shares during the last quarter. Institutional investors own 92.39% 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.

5 Day Chart for NYSE:KBH

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.