KB Home (NYSE:KBH) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Thursday.
Other analysts have also recently issued research reports about the stock. Mizuho set a $35.00 price objective on shares of KB Home and gave the company a “hold” rating in a research report on Thursday, January 18th. Zacks Investment Research cut KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Royal Bank of Canada reiterated a “hold” rating and set a $31.00 target price on shares of KB Home in a report on Wednesday, November 15th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $33.00 target price on shares of KB Home in a report on Friday, December 22nd. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $31.00 target price (up previously from $25.00) on shares of KB Home in a report on Thursday, January 11th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $29.07.
KB Home (NYSE:KBH) traded up $0.12 on Thursday, hitting $27.87. 1,509,634 shares of the company were exchanged, compared to its average volume of 2,600,000. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. KB Home has a 1-year low of $17.60 and a 1-year high of $38.80. The company has a market cap of $2,430.00, a PE ratio of 15.23, a P/E/G ratio of 0.73 and a beta of 1.48.
In other news, SVP Thomas F. Norton sold 47,179 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the completion of the transaction, the senior vice president now directly owns 103,562 shares in the company, valued at approximately $3,139,999.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the transaction, the chief financial officer now owns 237,775 shares of the company’s stock, valued at $7,734,820.75. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Elkfork Partners LLC acquired a new position in shares of KB Home during the 4th quarter worth about $331,000. Xact Kapitalforvaltning AB acquired a new position in shares of KB Home during the 4th quarter worth about $245,000. Vanguard Capital Wealth Advisors acquired a new position in shares of KB Home during the 4th quarter worth about $262,000. MetLife Investment Advisors LLC acquired a new position in shares of KB Home during the 4th quarter worth about $2,909,000. Finally, PEAK6 Investments L.P. boosted its stake in shares of KB Home by 77.7% during the 4th quarter. PEAK6 Investments L.P. now owns 22,035 shares of the construction company’s stock worth $704,000 after buying an additional 9,635 shares during the last quarter. Institutional investors own 94.69% of the company’s stock.
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About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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