KB Home (KBH) Given a $27.00 Price Target by Barclays Analysts
KB Home (NYSE:KBH) has been given a $27.00 price target by equities research analysts at Barclays in a research note issued on Friday. The firm currently has a “hold” rating on the construction company’s stock. Barclays’ price objective would indicate a potential upside of 7.14% from the stock’s previous close.
KBH has been the topic of a number of other reports. Credit Suisse Group cut their target price on KB Home from $32.00 to $29.00 and set a “neutral” rating on the stock in a research report on Friday, June 29th. ValuEngine lowered KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. Zacks Investment Research lowered KB Home from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Bank of America raised KB Home from an “underperform” rating to a “buy” rating and upped their target price for the company from $32.00 to $37.00 in a research report on Friday, June 29th. Finally, Citigroup upped their target price on KB Home from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, June 27th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.00.
KB Home stock opened at $25.20 on Friday. The company has a market cap of $2.23 billion, a P/E ratio of 13.62, a P/E/G ratio of 0.51 and a beta of 1.38. KB Home has a one year low of $20.68 and a one year high of $38.80.
In other news, insider Jeffrey T. Mezger sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $24.12, for a total value of $3,015,000.00. Following the completion of the sale, the insider now directly owns 811,287 shares in the company, valued at approximately $19,568,242.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey T. Mezger sold 272,818 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $23.39, for a total value of $6,381,213.02. Following the completion of the sale, the insider now owns 861,287 shares of the company’s stock, valued at $20,145,502.93. The disclosure for this sale can be found here. Insiders sold a total of 497,818 shares of company stock valued at $11,752,213 over the last quarter. Company insiders own 8.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new stake in shares of KB Home in the 2nd quarter valued at approximately $115,000. CenterStar Asset Management LLC bought a new stake in shares of KB Home in the 2nd quarter valued at approximately $128,000. Cerebellum GP LLC bought a new stake in shares of KB Home in the 2nd quarter valued at approximately $176,000. Cim Investment Mangement Inc. bought a new stake in shares of KB Home in the 1st quarter valued at approximately $203,000. Finally, Point72 Asia Hong Kong Ltd bought a new stake in shares of KB Home in the 1st quarter valued at approximately $238,000. Institutional investors and hedge funds own 85.38% of the company’s stock.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It 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. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.
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