KB Home (KBH) PT Lowered to $33.00 at Deutsche Bank

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.



KB Home (NYSE:KBH) last posted its quarterly earnings data on Thursday, March 22nd. The construction company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.11. KB Home had a net margin of 2.15% and a return on equity of 11.16%. The company had revenue of $871.60 million during the quarter, compared to analysts’ expectations of $878.77 million. During the same period in the prior year, the company posted $0.15 earnings per share. KB Home’s revenue for the quarter was up 6.5% compared to the same quarter last year. research analysts anticipate that KB Home will post 2.81 EPS for the current year.

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.

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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.

Analyst Recommendations for KB Home (NYSE:KBH)

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