KB Home (NYSE:KBH) Given Average Rating of “Hold” by Brokerages

Shares of KB Home (NYSE:KBH) have been given an average rating of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $80.25.

KBH has been the topic of a number of research reports. Barclays downgraded KB Home from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $99.00 to $85.00 in a research note on Wednesday, December 11th. UBS Group cut their price target on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday. Wedbush upped their price target on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price objective on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Finally, Bank of America upped their target price on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 19th.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Monday, October 14th. The stock was 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 owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position 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 acquiring an additional 1,752,498 shares during the last quarter. State Street Corp lifted its stake in KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock worth $303,285,000 after purchasing an additional 45,311 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of KB Home by 3.4% during the 3rd quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock valued at $189,047,000 after purchasing an additional 73,051 shares during the last quarter. Geode Capital Management LLC grew its position in shares of KB Home by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock valued at $166,125,000 after purchasing an additional 16,593 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of KB Home by 9.6% during the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock valued at $118,244,000 after purchasing an additional 147,326 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Trading Up 1.2 %

Shares of KBH stock opened at $65.23 on Thursday. KB Home has a 12-month low of $58.05 and a 12-month high of $89.70. The stock has a market capitalization of $4.78 billion, a P/E ratio of 8.36, a P/E/G ratio of 0.57 and a beta of 1.86. The firm’s 50 day moving average is $74.72 and its 200 day moving average is $78.07.

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.