KB Home (NYSE:KBH) Stock Rating Upgraded by Zacks Research

KB Home (NYSE:KBH) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on KBH. Citizens Jmp reiterated a “market outperform” rating and set a $77.00 price objective on shares of KB Home in a research report on Wednesday. The Goldman Sachs Group decreased their target price on shares of KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Barclays increased their price objective on KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Thursday. Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings lowered shares of KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, KB Home presently has a consensus rating of “Hold” and a consensus price target of $60.17.

KB Home Price Performance

NYSE KBH opened at $62.15 on Thursday. KB Home has a 12 month low of $44.03 and a 12 month high of $68.71. The company has a 50-day moving average of $51.81 and a 200-day moving average of $56.03. The company has a market cap of $3.89 billion, a P/E ratio of 15.77, a P/E/G ratio of 10.56 and a beta of 1.37.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. KB Home had a net margin of 4.94% and a return on equity of 7.67%. The firm’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 EPS. As a group, equities research analysts anticipate that KB Home will post 3.14 EPS for the current year.

Hedge Funds Weigh In On KB Home

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBH. Xponance Inc. raised its position in shares of KB Home by 1.6% in the third quarter. Xponance Inc. now owns 10,198 shares of the construction company’s stock valued at $649,000 after purchasing an additional 163 shares during the period. Vista Investment Management raised its holdings in KB Home by 3.5% in the 4th quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock valued at $289,000 after acquiring an additional 175 shares during the period. GHE LLC lifted its position in KB Home by 0.7% during the third quarter. GHE LLC now owns 30,983 shares of the construction company’s stock worth $1,972,000 after acquiring an additional 212 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of KB Home by 80.0% during the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after acquiring an additional 220 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of KB Home by 73.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after acquiring an additional 250 shares during the period. 96.09% of the stock is owned by institutional investors.

About KB Home

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.