KB Home (NYSE:KBH) had its target price raised by equities research analysts at KeyCorp from $30.00 to $36.00 in a research report issued on Thursday, September 26th, MarketBeat.com reports. The firm currently has an “overweight” rating on the construction company’s stock. KeyCorp’s target price indicates a potential upside of 6.13% from the company’s current price. KeyCorp also issued estimates for KB Home’s Q4 2019 earnings at $1.35 EPS, FY2019 earnings at $2.89 EPS, Q3 2020 earnings at $0.88 EPS, Q4 2020 earnings at $1.32 EPS and FY2020 earnings at $3.55 EPS.
KBH has been the subject of several other research reports. SunTrust Banks initiated coverage on shares of KB Home in a research note on Monday, August 12th. They issued a “buy” rating and a $35.00 target price for the company. Evercore ISI upgraded shares of KB Home from an “in-line” rating to an “outperform” rating and set a $26.74 target price for the company in a research note on Wednesday, July 17th. Barclays raised their target price on shares of KB Home from $34.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, September 26th. JMP Securities raised their price objective on shares of KB Home from $35.00 to $38.00 and gave the company a “market outperform” rating in a research note on Thursday, September 26th. Finally, Buckingham Research upgraded shares of KB Home from a “neutral” rating to a “buy” rating and raised their price objective for the company from $27.00 to $30.00 in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.69.
KB Home stock traded down $0.15 during midday trading on Thursday, hitting $33.92. 1,637,165 shares of the company’s stock were exchanged, compared to its average volume of 2,493,503. KB Home has a 12-month low of $16.82 and a 12-month high of $34.67. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.52 and a current ratio of 4.82. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 1.30 and a beta of 1.32. The firm’s 50 day simple moving average is $30.75 and its 200 day simple moving average is $27.16.
KB Home (NYSE:KBH) last released its earnings results on Wednesday, September 25th. The construction company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.07. KB Home had a net margin of 5.58% and a return on equity of 11.18%. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business earned $0.87 EPS. The business’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts forecast that KB Home will post 2.82 EPS for the current fiscal year.
In related news, EVP Brian J. Woram sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $28.02, for a total value of $280,200.00. Following the completion of the sale, the executive vice president now directly owns 151,770 shares in the company, valued at $4,252,595.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian J. Woram sold 94,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $32.06, for a total transaction of $3,042,494.00. Following the completion of the sale, the executive vice president now owns 156,870 shares of the company’s stock, valued at $5,029,252.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 199,191 shares of company stock valued at $6,177,880. Insiders own 7.32% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new stake in KB Home in the second quarter valued at $25,000. Pearl River Capital LLC acquired a new stake in KB Home in the second quarter valued at $34,000. Advisory Services Network LLC raised its holdings in KB Home by 37.5% in the second quarter. Advisory Services Network LLC now owns 1,650 shares of the construction company’s stock valued at $42,000 after acquiring an additional 450 shares in the last quarter. Certified Advisory Corp acquired a new stake in KB Home in the second quarter valued at $50,000. Finally, Neo Ivy Capital Management acquired a new stake in KB Home in the second quarter valued at $55,000. 88.65% of the stock is currently owned by hedge funds and other institutional investors.
About KB Home
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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