KB Home (NYSE:KBH) had its target price raised by Royal Bank of Canada to $40.00 in a research report released on Monday. The brokerage currently has a sector perform rating on the construction company’s stock.

KBH has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed an underweight rating and set a $27.00 price objective (up previously from $25.50) on shares of KB Home in a report on Tuesday, December 19th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $33.00 price objective on shares of KB Home in a report on Friday, December 22nd. KeyCorp reaffirmed a hold rating on shares of KB Home in a report on Tuesday, September 26th. Wedbush reaffirmed a buy rating and set a $26.00 price objective on shares of KB Home in a report on Friday, September 22nd. Finally, Buckingham Research lowered KB Home from a neutral rating to an underperform rating and upped their price objective for the stock from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. Seven analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $27.67.

KB Home (KBH) opened at $35.87 on Monday. KB Home has a twelve month low of $15.88 and a twelve month high of $38.80. The firm has a market capitalization of $3,057.79, a price-to-earnings ratio of 19.60, a P/E/G ratio of 0.93 and a beta of 1.70. The company has a current ratio of 5.36, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. KB Home’s quarterly revenue was up 17.7% on a year-over-year basis. analysts expect that KB Home will post 2.51 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC grew its holdings in KB Home by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 14,426 shares of the construction company’s stock valued at $219,000 after purchasing an additional 94 shares during the last quarter. Amalgamated Bank grew its holdings in KB Home by 2.5% in the second quarter. Amalgamated Bank now owns 11,945 shares of the construction company’s stock valued at $286,000 after purchasing an additional 289 shares during the last quarter. Victory Capital Management Inc. grew its holdings in KB Home by 17.6% in the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock valued at $199,000 after purchasing an additional 1,241 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in KB Home by 1.9% in the second quarter. Mutual of America Capital Management LLC now owns 69,000 shares of the construction company’s stock valued at $1,654,000 after purchasing an additional 1,319 shares during the last quarter. Finally, Stevens First Principles Investment Advisors grew its holdings in KB Home by 24.4% in the third quarter. Stevens First Principles Investment Advisors now owns 9,880 shares of the construction company’s stock valued at $238,000 after purchasing an additional 1,940 shares during the last quarter. 96.73% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for KB Home (NYSE:KBH)

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