KB Home (NYSE:KBH) Given Average Recommendation of “Hold” by Analysts

Shares of KB Home (NYSE:KBH) have been given a consensus rating of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $80.25.

Several equities analysts have recently issued reports on KBH shares. Wells Fargo & Company reduced their target price on KB Home from $83.00 to $74.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 17th. Barclays lowered shares of KB Home from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $99.00 to $85.00 in a report on Wednesday, December 11th. JPMorgan Chase & Co. dropped their target price on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Bank of America boosted their price target on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, UBS Group lowered their price objective on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its holdings in KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after acquiring an additional 38,638 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after purchasing an additional 164,010 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of KB Home in the third quarter worth $956,000. Cerity Partners LLC lifted its holdings in shares of KB Home by 24.7% during the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after purchasing an additional 7,679 shares in the last quarter. Finally, AdvisorShares Investments LLC purchased a new stake in shares of KB Home during the second quarter valued at $479,000. Institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

NYSE KBH opened at $65.23 on Thursday. The business’s 50-day moving average is $74.72 and its 200 day moving average is $78.07. The stock has a market capitalization of $4.78 billion, a PE ratio of 8.36, a PEG ratio of 0.57 and a beta of 1.86. KB Home has a 1 year low of $58.05 and a 1 year high of $89.70.

KB Home Company Profile

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.