KB Home (KBH) Given Average Recommendation of “Hold” by Analysts

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.



KB Home (NYSE:KBH) last issued its earnings results on Tuesday, March 26th. The construction company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. The company had revenue of $811.50 million during the quarter, compared to analyst estimates of $828.56 million. KB Home had a net margin of 6.05% and a return on equity of 13.34%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.12 EPS. Equities analysts forecast that KB Home will post 2.66 earnings per share for the current fiscal year.

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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Analyst Recommendations for KB Home (NYSE:KBH)

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