KB Home (NYSE:KBH) had its target price raised by Wedbush from $28.00 to $30.00 in a research report sent to investors on Friday, December 29th, Marketbeat reports. Wedbush currently has a neutral rating on the construction company’s stock.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of KB Home from a buy rating to a hold rating in a report on Monday, December 4th. Mizuho upgraded shares of KB Home from an underperform rating to a neutral rating and set a $21.00 target price on the stock in a research report on Friday, September 29th. UBS Group started coverage on shares of KB Home in a research report on Wednesday, October 25th. They set a sell rating and a $24.00 target price on the stock. MKM Partners reiterated a neutral rating and set a $26.00 target price (up from $24.00) on shares of KB Home in a research report on Monday, October 2nd. Finally, Buckingham Research reiterated a neutral rating and set a $22.00 target price (up from $21.00) on shares of KB Home in a research report on Friday, September 29th. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. KB Home has an average rating of Hold and an average price target of $26.25.
KB Home (KBH) opened at $36.98 on Friday. The company has a market cap of $3,200.00, a price-to-earnings ratio of 26.60, a P/E/G ratio of 0.67 and a beta of 1.69. KB Home has a twelve month low of $15.51 and a twelve month high of $38.80. The company has a quick ratio of 0.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21.
KB Home (NYSE:KBH) last posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. The business’s revenue was up 17.7% compared to the same quarter last year. analysts expect that KB Home will post 2.37 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. AllSquare Wealth Management LLC bought a new stake in shares of KB Home during the third quarter worth approximately $113,000. Victory Capital Management Inc. raised its stake in shares of KB Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after buying an additional 1,241 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of KB Home during the second quarter worth approximately $201,000. Greenwood Capital Associates LLC bought a new stake in shares of KB Home during the third quarter worth approximately $207,000. Finally, Shelton Capital Management bought a new stake in shares of KB Home during the second quarter worth approximately $209,000. Institutional investors own 96.73% of the company’s stock.
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About KB Home
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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