KB Home (NYSE:KBH – Get Rating) has been assigned a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.09.
A number of research firms recently weighed in on KBH. JPMorgan Chase & Co. upped their price objective on shares of KB Home from $32.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 22nd. The Goldman Sachs Group increased their price target on shares of KB Home from $34.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. KeyCorp raised shares of KB Home from an “underweight” rating to a “sector weight” rating in a research report on Monday, September 19th. Wedbush decreased their price target on shares of KB Home from $60.00 to $44.00 in a research report on Thursday, September 22nd. Finally, Raymond James lowered shares of KB Home from a “strong-buy” rating to a “market perform” rating in a research report on Friday, October 21st.
KB Home Stock Up 2.4 %
KBH stock opened at $34.55 on Friday. The firm’s fifty day simple moving average is $30.97 and its two-hundred day simple moving average is $29.97. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 4.04, a price-to-earnings-growth ratio of 0.76 and a beta of 1.53. KB Home has a twelve month low of $24.78 and a twelve month high of $50.20.
KB Home Announces Dividend
Insider Transactions at KB Home
In related news, EVP Albert Z. Praw sold 29,777 shares of KB Home stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $28.77, for a total value of $856,684.29. Following the sale, the executive vice president now owns 143,363 shares of the company’s stock, valued at approximately $4,124,553.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.90% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBH. Citigroup Inc. lifted its holdings in KB Home by 20.9% in the 1st quarter. Citigroup Inc. now owns 109,019 shares of the construction company’s stock valued at $3,530,000 after purchasing an additional 18,818 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of KB Home by 35.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $69,000 after acquiring an additional 568 shares during the period. MetLife Investment Management LLC raised its holdings in shares of KB Home by 39.7% during the 1st quarter. MetLife Investment Management LLC now owns 96,105 shares of the construction company’s stock worth $3,112,000 after acquiring an additional 27,327 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of KB Home by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,411 shares of the construction company’s stock worth $1,017,000 after acquiring an additional 2,995 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of KB Home by 7.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 47,231 shares of the construction company’s stock worth $1,571,000 after purchasing an additional 3,140 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
About KB Home
KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
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