A number of other equities research analysts have also issued reports on KBH. Credit Suisse Group upped their price objective on shares of KB Home from $24.00 to $25.00 and gave the company a neutral rating in a report on Friday, September 29th. Barclays upped their price objective on shares of KB Home from $17.00 to $18.00 and gave the company an underweight rating in a report on Friday, September 29th. Buckingham Research lowered shares of KB Home from a neutral rating to an underperform rating and upped their price objective for the company from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. UBS Group upped their price objective on shares of KB Home from $25.00 to $30.00 and gave the company a sell rating in a report on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $24.00 price objective on shares of KB Home in a report on Friday, September 29th. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. KB Home currently has a consensus rating of Hold and an average target price of $28.60.
Shares of KB Home (NYSE:KBH) traded down $0.02 on Thursday, hitting $34.99. 2,045,800 shares of the company were exchanged, compared to its average volume of 3,645,823. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. KB Home has a 12-month low of $15.88 and a 12-month high of $38.80. The stock has a market capitalization of $3,026.65, a price-to-earnings ratio of 19.12, a P/E/G ratio of 0.91 and a beta of 1.70.
A number of hedge funds have recently made changes to their positions in KBH. AllSquare Wealth Management LLC purchased a new position in KB Home during the third quarter worth about $113,000. Victory Capital Management Inc. boosted its stake in KB Home by 17.6% during the second quarter. Victory Capital Management Inc. now owns 8,288 shares of the construction company’s stock worth $199,000 after buying an additional 1,241 shares during the period. Greenwood Capital Associates LLC purchased a new position in KB Home during the third quarter worth about $207,000. Zacks Investment Management purchased a new position in KB Home during the second quarter worth about $209,000. Finally, Shelton Capital Management purchased a new position in shares of KB Home in the second quarter valued at approximately $209,000. 96.76% of the stock is owned by institutional investors.
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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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