KB Home (NYSE:KBH) PT Raised to $45.00

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.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, September 22nd. The construction company reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.33. The company had revenue of $999.01 million during the quarter, compared to analyst estimates of $885.54 million. KB Home had a return on equity of 12.65% and a net margin of 6.43%. The firm’s revenue was down 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. Research analysts expect that KB Home will post 2.67 EPS for the current year.

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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