Several other equities research analysts have also commented on KBH. Keefe, Bruyette & Woods restated a hold rating and issued a $34.00 price target on shares of KB Home in a research note on Wednesday, March 21st. Mizuho set a $33.00 price objective on shares of KB Home and gave the company a hold rating in a report on Sunday, March 25th. ValuEngine upgraded shares of KB Home from a buy rating to a strong-buy rating in a report on Friday, March 23rd. Deutsche Bank reduced their price target on shares of KB Home from $36.00 to $33.00 and set a hold rating for the company in a research report on Monday, April 9th. Finally, Zacks Investment Research upgraded shares of KB Home from a hold rating to a buy rating and set a $33.00 price target for the company in a research report on Tuesday, March 27th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $30.69.
KB Home traded up $1.86, reaching $27.24, during trading on Friday, MarketBeat Ratings reports. 5,798,495 shares of the company’s stock were exchanged, compared to its average volume of 1,665,383. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44. KB Home has a 52-week low of $20.68 and a 52-week high of $38.80.
KB Home (NYSE:KBH) last issued its earnings results on Thursday, June 28th. The construction company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. KB Home had a net margin of 2.67% and a return on equity of 12.37%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 EPS. analysts predict that KB Home will post 2.84 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Swiss National Bank raised its position in shares of KB Home by 2.9% in the fourth quarter. Swiss National Bank now owns 129,400 shares of the construction company’s stock valued at $4,134,000 after purchasing an additional 3,700 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of KB Home by 9.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 200,465 shares of the construction company’s stock worth $6,405,000 after acquiring an additional 17,425 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of KB Home by 1.2% in the fourth quarter. Millennium Management LLC now owns 1,038,262 shares of the construction company’s stock worth $33,172,000 after acquiring an additional 12,757 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of KB Home by 6.0% in the fourth quarter. Rhumbline Advisers now owns 184,948 shares of the construction company’s stock worth $5,909,000 after acquiring an additional 10,413 shares during the last quarter. Finally, Suntrust Banks Inc. bought a new position in KB Home in the 4th quarter valued at approximately $208,000. 87.86% of the stock is currently owned by hedge funds and other institutional investors.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.
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