KB Home (NYSE:KBH) Receives “Market Outperform” Rating from Citizens Jmp

KB Home (NYSE:KBH)‘s stock had its “market outperform” rating restated by analysts at Citizens Jmp in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $77.00 target price on the construction company’s stock. Citizens Jmp’s price target would suggest a potential upside of 60.83% from the stock’s current price.

KBH has been the topic of a number of other reports. Wells Fargo & Company lifted their target price on KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Wednesday, June 24th. Barclays increased their target price on KB Home from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. UBS Group increased their price target on KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Truist Financial lifted their price objective on shares of KB Home from $50.00 to $56.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.17.

KB Home Stock Performance

Shares of KBH stock traded down $1.85 during trading hours on Thursday, reaching $47.88. The company had a trading volume of 299,017 shares, compared to its average volume of 1,142,601. The business has a fifty day moving average price of $55.85 and a 200-day moving average price of $54.35. The firm has a market cap of $2.94 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 2.58 and a beta of 1.34. KB Home has a one year low of $44.03 and a one year high of $68.41.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. KB Home had a return on equity of 7.67% and a net margin of 4.94%.The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 earnings per share. Equities research analysts forecast that KB Home will post 3.3 EPS for the current year.

Insider Transactions at KB Home

In other KB Home news, Director Arthur Collins sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the sale, the director owned 9,157 shares of the company’s stock, valued at approximately $521,582.72. This trade represents a 30.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Albert Praw sold 22,015 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the completion of the sale, the executive vice president directly owned 104,062 shares of the company’s stock, valued at $6,108,439.40. The trade was a 17.46% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 4.69% of the company’s stock.

Institutional Trading of KB Home

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eastern Bank purchased a new stake in KB Home during the 2nd quarter worth about $26,000. Bessemer Group Inc. lifted its holdings in KB Home by 80.0% during the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after purchasing an additional 220 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after acquiring an additional 250 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of KB Home during the third quarter worth approximately $36,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of KB Home during the second quarter valued at $46,000. Institutional investors own 96.09% of the company’s stock.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.