KB Home Sees Unusually High Options Volume (KBH)
KB Home (NYSE:KBH) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 4,020 put options on the stock. This represents an increase of approximately 1,075% compared to the typical daily volume of 342 put options.
A number of institutional investors and hedge funds have recently bought and sold shares of KBH. Schwab Charles Investment Management Inc. grew its position in KB Home by 14.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 477,958 shares of the construction company’s stock valued at $11,457,000 after buying an additional 58,624 shares during the period. Legal & General Group Plc grew its position in KB Home by 18.9% during the second quarter. Legal & General Group Plc now owns 64,665 shares of the construction company’s stock valued at $1,552,000 after buying an additional 10,262 shares during the period. Comerica Bank grew its position in KB Home by 0.6% during the second quarter. Comerica Bank now owns 64,359 shares of the construction company’s stock valued at $1,506,000 after buying an additional 396 shares during the period. Victory Capital Management Inc. grew its position in KB Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock valued at $199,000 after buying an additional 1,241 shares during the period. Finally, American Century Companies Inc. bought a new position in KB Home during the second quarter valued at about $2,576,000. Institutional investors own 96.73% of the company’s stock.
Shares of KB Home (KBH) opened at $38.58 on Friday. KB Home has a one year low of $15.51 and a one year high of $38.80. The stock has a market cap of $3,340.00, a price-to-earnings ratio of 27.76, a PEG ratio of 0.77 and a beta of 1.69.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. equities analysts expect that KB Home will post 1.77 earnings per share for the current year.
KBH has been the topic of several research reports. Zacks Investment Research downgraded shares of KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Royal Bank of Canada reiterated a “hold” rating and issued a $31.00 target price on shares of KB Home in a research note on Wednesday, November 15th. Wedbush reiterated an “ourperform” rating and issued a $26.00 target price on shares of KB Home in a research note on Saturday, September 16th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $27.00 target price (up previously from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $24.00 target price (up previously from $23.00) on shares of KB Home in a research note on Monday, October 2nd. Seven research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. KB Home presently has an average rating of “Hold” and an average price target of $24.82.
About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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