KB Home (NYSE:KBH) had its price target raised by stock analysts at Barclays from $42.00 to $45.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target would suggest a potential upside of 16.46% from the stock’s current price.
Several other brokerages also recently weighed in on KBH. Credit Suisse Group upped their target price on KB Home from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 11th. Royal Bank of Canada decreased their target price on KB Home from $34.00 to $33.00 and set a “sector perform” rating for the company in a research report on Thursday, June 25th. They noted that the move was a valuation call. Evercore ISI raised KB Home from an “in-line” rating to an “outperform” rating in a research report on Wednesday, September 16th. TheStreet raised KB Home from a “c+” rating to a “b-” rating in a research report on Wednesday, June 17th. Finally, ValuEngine raised KB Home from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.47.
NYSE:KBH traded down $1.86 on Wednesday, hitting $38.64. 71,880 shares of the stock were exchanged, compared to its average volume of 2,243,092. The stock has a market cap of $3.67 billion, a PE ratio of 11.76, a PEG ratio of 1.62 and a beta of 1.96. The stock has a fifty day moving average of $36.46 and a 200-day moving average of $29.52. KB Home has a fifty-two week low of $9.82 and a fifty-two week high of $40.86.
In other KB Home news, Director Melissa Lora sold 8,202 shares of the stock in a transaction that occurred on Thursday, July 16th. The stock was sold at an average price of $31.70, for a total transaction of $260,003.40. Following the transaction, the director now owns 177,193 shares of the company’s stock, valued at approximately $5,617,018.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brian J. Woram sold 49,967 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $36.50, for a total value of $1,823,795.50. Company insiders own 5.36% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in KBH. First Mercantile Trust Co. acquired a new stake in shares of KB Home during the 1st quarter worth approximately $26,000. Verus Capital Partners LLC acquired a new stake in shares of KB Home during the 1st quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. raised its position in shares of KB Home by 286.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,683 shares of the construction company’s stock worth $49,000 after purchasing an additional 1,988 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of KB Home during the 1st quarter worth approximately $91,000. Finally, Citizens Financial Group Inc RI raised its position in shares of KB Home by 5,070.8% during the 2nd quarter. Citizens Financial Group Inc RI now owns 3,361 shares of the construction company’s stock worth $103,000 after purchasing an additional 3,296 shares during the period. 90.38% of the stock is currently owned by institutional investors.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company 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.
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