KB Home (NYSE:KBH) Given Consensus Rating of “Hold” by Analysts

Shares of KB Home (NYSE:KBH) have earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $63.2727.

Several equities analysts recently issued reports on the company. Bank of America reduced their price objective on KB Home from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Monday, December 22nd. Barclays reduced their price target on shares of KB Home from $71.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, December 22nd. Keefe, Bruyette & Woods lowered their price objective on shares of KB Home from $67.00 to $62.00 and set a “market perform” rating for the company in a research report on Tuesday, December 23rd. UBS Group dropped their price objective on shares of KB Home from $77.00 to $71.00 and set a “buy” rating on the stock in a research note on Tuesday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of KB Home from $71.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, December 29th.

KB Home Stock Performance

NYSE:KBH opened at $61.62 on Monday. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 3.56 and a beta of 1.43. KB Home has a one year low of $48.90 and a one year high of $72.64. The stock has a 50-day simple moving average of $60.66 and a 200 day simple moving average of $60.63.

KB Home (NYSE:KBH) last released its earnings results on Thursday, December 18th. The construction company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.13. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.KB Home’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.52 EPS. On average, equities research analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

Insider Transactions at KB Home

In related news, EVP Albert Z. Praw sold 20,284 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $60.08, for a total transaction of $1,218,662.72. Following the completion of the transaction, the executive vice president owned 104,062 shares in the company, valued at $6,252,044.96. The trade was a 16.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KB Home

A number of hedge funds have recently added to or reduced their stakes in KBH. Deprince Race & Zollo Inc. acquired a new position in KB Home during the 3rd quarter valued at about $59,301,000. SG Americas Securities LLC raised its holdings in shares of KB Home by 121.1% during the second quarter. SG Americas Securities LLC now owns 22,663 shares of the construction company’s stock valued at $1,200,000 after buying an additional 12,411 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of KB Home during the second quarter valued at approximately $240,000. Verity Asset Management Inc. acquired a new position in shares of KB Home during the second quarter worth approximately $245,000. Finally, Geode Capital Management LLC grew its holdings in KB Home by 7.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,784,398 shares of the construction company’s stock worth $94,530,000 after buying an additional 123,030 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.