Buckingham Research initiated coverage on shares of KB Home (NYSE:KBH) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage issued a neutral rating on the construction company’s stock.

A number of other equities research analysts have also recently issued reports on KBH. ValuEngine cut shares of KB Home from a sell rating to a strong sell rating in a report on Thursday. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $23.00 target price on shares of KB Home in a report on Friday, November 16th. Credit Suisse Group reaffirmed a sell rating and issued a $17.00 target price on shares of KB Home in a report on Thursday. Wedbush dropped their target price on shares of KB Home from $23.00 to $22.00 and set a neutral rating on the stock in a report on Thursday. Finally, BTIG Research dropped their target price on shares of KB Home to $18.00 and set a sell rating on the stock in a report on Thursday, November 15th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. KB Home presently has an average rating of Hold and an average target price of $26.78.

Shares of KBH stock traded up $0.17 on Friday, reaching $21.17. The stock had a trading volume of 2,032,740 shares, compared to its average volume of 2,321,742. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 0.47 and a beta of 1.46. KB Home has a 12 month low of $16.82 and a 12 month high of $38.16.

KB Home (NYSE:KBH) last issued its earnings results on Wednesday, January 9th. The construction company reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. KB Home had a net margin of 3.75% and a return on equity of 14.61%. KB Home’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 EPS. As a group, research analysts anticipate that KB Home will post 3.02 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC raised its holdings in KB Home by 57.2% in the 4th quarter. Cerebellum GP LLC now owns 10,141 shares of the construction company’s stock valued at $194,000 after acquiring an additional 3,688 shares during the period. Retirement Systems of Alabama grew its position in shares of KB Home by 1.1% during the 4th quarter. Retirement Systems of Alabama now owns 111,749 shares of the construction company’s stock worth $2,134,000 after purchasing an additional 1,162 shares in the last quarter. Vanguard Group Inc grew its position in shares of KB Home by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 8,050,306 shares of the construction company’s stock worth $192,483,000 after purchasing an additional 198,509 shares in the last quarter. Federated Investors Inc. PA grew its position in shares of KB Home by 38.7% during the 3rd quarter. Federated Investors Inc. PA now owns 702,873 shares of the construction company’s stock worth $16,806,000 after purchasing an additional 196,078 shares in the last quarter. Finally, Marshall Wace North America L.P. grew its position in shares of KB Home by 261.7% during the 3rd quarter. Marshall Wace North America L.P. now owns 75,844 shares of the construction company’s stock worth $1,813,000 after purchasing an additional 54,873 shares in the last quarter. 86.39% of the stock is currently owned by hedge funds and other institutional investors.

About KB Home

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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