KB Home (NYSE:KBH) Raised to “Strong-Buy” at Seaport Res Ptn

KB Home (NYSE:KBH) was upgraded by equities research analysts at Seaport Res Ptn from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Raymond James restated an “outperform” rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Tuesday, January 28th. Barclays decreased their price objective on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and dropped their target price for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, KB Home presently has a consensus rating of “Hold” and an average target price of $75.38.

KB Home Stock Down 0.7 %

KB Home stock opened at $64.00 on Thursday. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 1-year low of $59.00 and a 1-year high of $89.70. The company has a fifty day simple moving average of $64.99 and a 200 day simple moving average of $74.71. The company has a market cap of $4.62 billion, a P/E ratio of 7.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH) last released its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the company posted $1.85 earnings per share. KB Home’s revenue was up 19.5% on a year-over-year basis. Research analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.44% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KB Home

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of KB Home by 47.9% during the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after purchasing an additional 1,752,498 shares during the period. State Street Corp grew its position in shares of KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after buying an additional 45,311 shares during the last quarter. Invesco Ltd. increased its stake in shares of KB Home by 2.4% in the fourth quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company’s stock valued at $157,529,000 after buying an additional 56,142 shares during the period. Fisher Asset Management LLC raised its position in shares of KB Home by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock worth $149,928,000 after acquiring an additional 75,143 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of KB Home by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after acquiring an additional 16,593 shares during the period. 96.09% of the stock is owned by institutional investors.

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.