KB Home (KBH) Downgraded to Buy at ValuEngine
KB Home (NYSE:KBH) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.
Several other research analysts have also commented on the company. Citigroup lowered KB Home from a “neutral” rating to a “sell” rating and set a $27.00 target price for the company. in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research report on Tuesday, January 9th. Royal Bank of Canada reiterated a “hold” rating and issued a $31.00 target price on shares of KB Home in a research report on Wednesday, November 15th. 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 report on Tuesday, December 19th. Finally, UBS Group lifted their target price on KB Home from $25.00 to $30.00 and gave the stock a “sell” rating in a research report on Wednesday, January 17th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $29.07.
Shares of KB Home (NYSE:KBH) traded up $0.23 during midday trading on Thursday, reaching $28.10. The company’s stock had a trading volume of 1,110,382 shares, compared to its average volume of 2,294,783. KB Home has a 12-month low of $17.60 and a 12-month high of $38.80. The company has a current ratio of 5.36, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21. The firm has a market cap of $2,418.06, a price-to-earnings ratio of 15.36, a PEG ratio of 0.71 and a beta of 1.54.
In other KB Home news, CFO Jeff Kaminski sold 125,000 shares of KB Home stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the sale, the chief financial officer now owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Thomas F. Norton sold 47,179 shares of KB Home stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total value of $1,430,467.28. Following the sale, the senior vice president now directly owns 103,562 shares in the company, valued at approximately $3,139,999.84. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in KBH. AllSquare Wealth Management LLC bought a new stake in KB Home during the 3rd quarter valued at $113,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in KB Home by 83.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock valued at $137,000 after acquiring an additional 1,947 shares in the last quarter. Strs Ohio bought a new stake in KB Home during the 4th quarter valued at $162,000. Greenwood Capital Associates LLC bought a new stake in KB Home during the 3rd quarter valued at $207,000. Finally, Suntrust Banks Inc. bought a new stake in shares of KB Home in the 4th quarter worth $208,000. 94.69% of the stock is currently owned by hedge funds and other 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.
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