KB Home (NYSE:KBH) – Equities researchers at Wedbush issued their Q1 2018 earnings per share estimates for shares of KB Home in a note issued to investors on Wednesday. Wedbush analyst J. Mccanless anticipates that the construction company will earn $0.31 per share for the quarter. Wedbush currently has a “Neutral” rating and a $30.00 price target on the stock. Wedbush also issued estimates for KB Home’s Q2 2018 earnings at $0.56 EPS, Q3 2018 earnings at $0.76 EPS and Q4 2018 earnings at $1.12 EPS.

Other equities analysts also recently issued reports about the company. Zacks Investment Research raised KB Home from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Friday, September 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 target price on shares of KB Home in a research note on Friday, September 29th. Deutsche Bank reissued a “hold” rating and set a $24.00 target price (up from $23.00) on shares of KB Home in a research note on Monday, October 2nd. KeyCorp reissued a “hold” rating on shares of KB Home in a research note on Tuesday, September 26th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $31.00 target price on shares of KB Home in a research note on Wednesday, November 15th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $23.82.

Shares of KB Home (KBH) traded down $0.50 during mid-day trading on Friday, hitting $33.14. The stock had a trading volume of 2,386,000 shares, compared to its average volume of 2,209,500. The stock has a market cap of $2,830.00, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 0.77 and a beta of 1.69. KB Home has a fifty-two week low of $15.51 and a fifty-two week high of $34.11.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of KB Home by 7.7% during the second quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after purchasing an additional 492,594 shares during the last quarter. Capital World Investors boosted its holdings in shares of KB Home by 30.1% during the second quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock worth $50,744,000 after purchasing an additional 490,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of KB Home by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock worth $67,196,000 after purchasing an additional 394,584 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of KB Home by 87.1% during the second quarter. Prudential Financial Inc. now owns 686,878 shares of the construction company’s stock worth $16,464,000 after purchasing an additional 319,814 shares during the last quarter. Finally, AHL Partners LLP boosted its holdings in shares of KB Home by 613.6% during the second quarter. AHL Partners LLP now owns 262,677 shares of the construction company’s stock worth $6,297,000 after purchasing an additional 225,865 shares during the last quarter. Hedge funds and other institutional investors own 96.73% of the company’s stock.

In other KB Home news, EVP Brian J. Woram sold 49,529 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Albert Z. Praw sold 150,000 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $25.85, for a total value of $3,877,500.00. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

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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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