KB Home (NYSE:KBH) Research Coverage Started at Melius Research

Melius Research started coverage on shares of KB Home (NYSE:KBH) in a report published on Tuesday, MarketBeat Ratings reports. The firm issued a sell rating and a $43.00 target price on the construction company’s stock.

Other research analysts also recently issued reports about the stock. Truist Financial lowered their price objective on shares of KB Home from $55.00 to $50.00 and set a “hold” rating on the stock in a research report on Wednesday, September 23rd. Evercore set a $59.00 price target on KB Home in a research report on Wednesday, September 23rd. Keefe, Bruyette & Woods decreased their price objective on KB Home from $65.00 to $54.00 and set a “market perform” rating for the company in a research report on Monday. Wells Fargo & Company lowered their target price on KB Home from $52.00 to $50.00 and set an “underweight” rating on the stock in a research note on Friday, September 11th. Finally, Citigroup restated an “outperform” rating on shares of KB Home in a research note on Wednesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and an average target price of $53.08.

KB Home Stock Performance

Shares of KBH stock opened at $44.38 on Tuesday. The stock’s 50-day moving average is $51.75 and its two-hundred day moving average is $52.74. KB Home has a 1 year low of $43.37 and a 1 year high of $67.57. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 2.29 and a beta of 1.34.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. KB Home had a return on equity of 6.56% and a net margin of 4.39%.The business’s revenue was down 20.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 EPS. As a group, research analysts predict that KB Home will post 3.25 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On KB Home

Several institutional investors have recently modified their holdings of KBH. GAMMA Investing LLC boosted its position in KB Home by 26.3% during the third quarter. GAMMA Investing LLC now owns 2,470 shares of the construction company’s stock worth $115,000 after purchasing an additional 514 shares in the last quarter. Polaris Financial Partners acquired a new stake in shares of KB Home during the 3rd quarter worth about $43,000. Cim Investment Management Inc. boosted its position in KB Home by 7.3% during the second quarter. Cim Investment Management Inc. now owns 7,802 shares of the construction company’s stock worth $488,000 after acquiring an additional 528 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of KB Home by 3.5% during the second quarter. QRG Capital Management Inc. now owns 7,446 shares of the construction company’s stock worth $466,000 after purchasing an additional 252 shares during the last quarter. Finally, Van Hulzen Asset Management LLC acquired a new stake in KB Home in the 2nd quarter worth about $563,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

About KB Home

KB Home is a national homebuilder that designs, constructs and sells single-family homes and townhomes. The company offers homes in a range of floor plans, sizes and price points, with options that allow buyers to personalize features and finishes. Its communities typically include amenities such as parks, open spaces and other neighborhood improvements.

Founded in 1957, KB Home is headquartered in Los Angeles, California. The company serves residential markets across the United States, including Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.