KB Home (NYSE:KBH) – FBR & Co decreased their Q1 2017 earnings per share estimates for KB Home in a report released on Wednesday. FBR & Co analyst P. Kealey now expects that the firm will post earnings of $0.18 per share for the quarter, down from their prior estimate of $0.20. FBR & Co has a “Market Perform” rating and a $16.00 price objective on the stock. FBR & Co also issued estimates for KB Home’s Q2 2017 earnings at $0.25 EPS, Q3 2017 earnings at $0.43 EPS and Q4 2017 earnings at $0.78 EPS.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. KB Home had a net margin of 3.31% and a return on equity of 6.80%. The firm had revenue of $913.30 million for the quarter. During the same quarter last year, the business posted $0.23 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year.

A number of other research analysts have also issued reports on the stock. Bank of America Corp. reissued a “sell” rating and set a $12.50 target price on shares of KB Home in a research note on Wednesday. Royal Bank Of Canada boosted their target price on shares of KB Home from $16.00 to $17.00 and gave the company a “sector perform” rating in a research note on Wednesday. Wedbush began coverage on shares of KB Home in a research note on Monday. They set an “outperform” rating and a $22.00 target price for the company. Buckingham Research raised shares of KB Home from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, MKM Partners set a $13.00 price target on shares of KB Home and gave the stock a “hold” rating in a research report on Wednesday, September 14th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.27.

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Shares of KB Home (NYSE:KBH) traded up 2.5502% during mid-day trading on Thursday, reaching $15.6184. 2,335,437 shares of the company were exchanged. The firm has a market capitalization of $1.32 billion, a PE ratio of 15.9861 and a beta of 1.96. The company’s 50 day moving average price is $15.46 and its 200 day moving average price is $14.62. KB Home has a 12 month low of $9.04 and a 12 month high of $16.76.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in shares of KB Home by 2,051.7% in the second quarter. BNP Paribas Arbitrage SA now owns 39,011 shares of the company’s stock worth $593,000 after buying an additional 37,198 shares during the last quarter. Prudential Financial Inc. increased its position in shares of KB Home by 1,268.6% in the first quarter. Prudential Financial Inc. now owns 797,468 shares of the company’s stock worth $11,388,000 after buying an additional 739,200 shares during the last quarter. BlackRock Inc. increased its position in shares of KB Home by 4.0% in the first quarter. BlackRock Inc. now owns 33,585 shares of the company’s stock worth $480,000 after buying an additional 1,290 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of KB Home by 254.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,212,894 shares of the company’s stock worth $17,320,000 after buying an additional 871,100 shares during the last quarter. Finally, KBC Group NV increased its position in shares of KB Home by 24.3% in the second quarter. KBC Group NV now owns 110,836 shares of the company’s stock worth $1,686,000 after buying an additional 21,660 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Jeffrey T. Mezger sold 230,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the transaction, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at $9,968,343.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey T. Mezger sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the transaction, the insider now directly owns 606,716 shares in the company, valued at $9,992,612.52. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

About KB Home

KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.

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