KB Home (NYSE:KBH) had its price target lowered by Deutsche Bank from $36.00 to $33.00 in a research report released on Monday. The firm currently has a hold rating on the construction company’s stock.
Several other equities research analysts have also recently weighed in on the stock. Citigroup cut shares of KB Home from a neutral rating to a sell rating and set a $27.00 price objective for the company. in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of KB Home from a hold rating to a strong-buy rating and set a $39.00 price objective for the company in a research report on Tuesday, January 9th. JPMorgan Chase reiterated an underweight rating and set a $27.00 price objective (up from $25.50) on shares of KB Home in a research report on Tuesday, December 19th. ValuEngine upgraded shares of KB Home from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Finally, Buckingham Research upgraded shares of KB Home from an underperform rating to a neutral rating and set a $34.00 price objective for the company in a research report on Friday, January 26th. They noted that the move was a valuation call. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $30.25.
KBH opened at $28.32 on Monday. KB Home has a twelve month low of $19.80 and a twelve month high of $38.80. The firm has a market cap of $2,463.17, a PE ratio of 13.65, a PEG ratio of 0.63 and a beta of 1.43.
In other KB Home news, CFO Jeff Kaminski sold 125,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total value of $4,066,250.00. Following the transaction, the chief financial officer now directly owns 237,775 shares of the company’s stock, valued at $7,734,820.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas F. Norton sold 47,179 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the completion of the transaction, the senior vice president now directly owns 103,562 shares in the company, valued at $3,139,999.84. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of KB Home by 83.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock valued at $137,000 after buying an additional 1,947 shares in the last quarter. Strs Ohio bought a new position in shares of KB Home in the fourth quarter valued at $162,000. Suntrust Banks Inc. bought a new position in shares of KB Home during the fourth quarter valued at about $208,000. Magnetar Financial LLC bought a new position in shares of KB Home during the third quarter valued at about $244,000. Finally, DAVENPORT & Co LLC bought a new position in shares of KB Home during the fourth quarter valued at about $244,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.
KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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