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.

KB Home (NYSE:KBH) last released its quarterly earnings results on Thursday, June 28th. The construction company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. KB Home had a return on equity of 12.31% and a net margin of 2.67%. KB Home’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 EPS. analysts predict that KB Home will post 2.86 earnings per share for the current fiscal year.

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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Analyst Recommendations for KB Home (NYSE:KBH)

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