KB Home (NYSE:KBH) has received a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $25.54.
KBH has been the subject of a number of research reports. Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a research note on Friday. Barclays set a $20.00 target price on shares of KB Home and gave the company a “hold” rating in a research note on Wednesday, December 12th. Raymond James lowered shares of KB Home from an “outperform” rating to a “market perform” rating and set a $23.67 target price for the company. in a research note on Monday, February 25th. Buckingham Research lifted their target price on shares of KB Home from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wedbush reissued a “neutral” rating and set a $22.00 target price on shares of KB Home in a research note on Thursday, March 21st.
KB Home stock traded down $0.59 during midday trading on Friday, reaching $24.15. The stock had a trading volume of 208,314 shares, compared to its average volume of 2,011,454. KB Home has a twelve month low of $16.82 and a twelve month high of $30.15. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.94 and a current ratio of 5.37. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 1.13 and a beta of 1.57.
Several institutional investors have recently added to or reduced their stakes in KBH. Norges Bank bought a new position in shares of KB Home during the 4th quarter valued at $25,280,000. Lakewood Capital Management LP bought a new position in shares of KB Home during the 4th quarter valued at $22,735,000. Zweig DiMenna Associates LLC bought a new position in shares of KB Home during the 4th quarter valued at $19,051,000. Prudential Financial Inc. raised its holdings in shares of KB Home by 283.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,289,413 shares of the construction company’s stock valued at $30,829,000 after purchasing an additional 953,079 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of KB Home by 1,810.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 636,622 shares of the construction company’s stock valued at $33,000 after purchasing an additional 603,291 shares in the last quarter. Institutional investors and hedge funds own 87.76% of the company’s stock.
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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