KB Home (NYSE:KBH)‘s stock had its “ourperform” rating reiterated by analysts at Wedbush in a report released on Saturday. They currently have a $26.00 price objective on the construction company’s stock. Wedbush’s price objective indicates a potential upside of 25.54% from the stock’s previous close.
Several other research analysts have also weighed in on KBH. BidaskClub lowered KB Home from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Mizuho lowered KB Home from a “neutral” rating to an “underperform” rating and set a $21.00 target price on the stock. in a report on Monday, July 10th. Deutsche Bank AG lifted their target price on KB Home from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, June 30th. Barclays PLC reiterated a “sell” rating and set a $17.00 target price on shares of KB Home in a report on Friday, June 30th. Finally, Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. KB Home presently has an average rating of “Hold” and a consensus target price of $20.13.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, June 27th. The construction company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $929.85 million. During the same period last year, the company earned $0.17 EPS. The firm’s revenue was up 23.7% on a year-over-year basis.
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In other news, SVP William R. Hollinger sold 57,405 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $23.19, for a total value of $1,331,221.95. Following the transaction, the senior vice president now owns 214,306 shares of the company’s stock, valued at $4,969,756.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeff Kaminski sold 163,017 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $23.40, for a total value of $3,814,597.80. Following the completion of the transaction, the chief financial officer now directly owns 178,251 shares in the company, valued at approximately $4,171,073.40. The disclosure for this sale can be found here. Insiders sold 620,422 shares of company stock worth $14,269,820 in the last ninety days. 8.60% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of KB Home by 19,999.6% in the first quarter. BlackRock Inc. now owns 10,064,270 shares of the construction company’s stock valued at $200,078,000 after buying an additional 10,014,198 shares during the period. Vanguard Group Inc. boosted its stake in shares of KB Home by 7.7% in the second quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock valued at $165,031,000 after buying an additional 492,594 shares during the period. Capital World Investors boosted its stake in shares of KB Home by 30.1% in the second quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock valued at $50,744,000 after buying an additional 490,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of KB Home by 16.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock valued at $67,196,000 after buying an additional 394,584 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of KB Home in the second quarter valued at approximately $8,539,000. 98.37% of the stock is currently owned by institutional investors.
KB Home Company Profile
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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