KB Home (NYSE:KBH) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded KB Home from “sell” to “hold.” The broader analyst consensus is also “hold,” with an average price target of $52.23.
• KB Home recently reported better-than-expected quarterly earnings of $1.05 per share versus the $0.88 estimate, but revenue declined 20% year over year to $1.30 billion.
• KB Home shares opened at $47.94, near their 50-day moving average and well below the 12-month high of $67.57. Company insiders recently sold shares, while institutional investors own approximately 96.09% of the stock.

KB Home (NYSE:KBH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

A number of other brokerages have also issued reports on KBH. Barclays lowered their price target on KB Home from $57.00 to $49.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 23rd. Bank of America reduced their price objective on KB Home from $56.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, September 23rd. Weiss Ratings upgraded KB Home from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday. UBS Group reaffirmed a "buy" rating on shares of KB Home in a research note on Wednesday, September 23rd. Finally, Stonex Financia raised shares of KB Home to a "hold" rating in a report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, KB Home has a consensus rating of "Hold" and an average price target of $52.23.

KB Home Trading Up 0.6%

Shares of KB Home stock opened at $47.94 on Friday. The firm has a market capitalization of $2.91 billion, a PE ratio of 12.16, a P/E/G ratio of 2.47 and a beta of 1.34. KB Home has a twelve month low of $40.92 and a twelve month high of $67.57. The firm's 50-day moving average price is $48.03 and its 200 day moving average price is $53.75.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings data on Tuesday, September 22nd. The construction company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.88 by $0.17. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business earned $1.61 EPS. KB Home's quarterly revenue was down 20.0% on a year-over-year basis. On average, sell-side analysts predict that KB Home will post 3.26 EPS for the current fiscal year.

Insider Activity at KB Home

In related news, Director Arthur Collins sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the sale, the director owned 9,157 shares of the company's stock, valued at approximately $521,582.72. This trade represents a 30.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Albert Praw sold 22,015 shares of KB Home stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total value of $1,292,280.50. Following the transaction, the executive vice president owned 104,062 shares in the company, valued at approximately $6,108,439.40. The trade was a 17.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.69% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KBH. State of Wyoming grew its position in KB Home by 9.7% in the third quarter. State of Wyoming now owns 9,472 shares of the construction company's stock worth $440,000 after acquiring an additional 836 shares during the period. Signaturefd LLC raised its position in KB Home by 3.3% in the third quarter. Signaturefd LLC now owns 9,476 shares of the construction company's stock valued at $440,000 after purchasing an additional 305 shares during the period. Inspire Investing LLC raised its position in KB Home by 24.8% in the third quarter. Inspire Investing LLC now owns 13,578 shares of the construction company's stock valued at $631,000 after purchasing an additional 2,697 shares during the period. Nisa Investment Advisors LLC raised its position in KB Home by 49.4% in the third quarter. Nisa Investment Advisors LLC now owns 3,503 shares of the construction company's stock valued at $163,000 after purchasing an additional 1,158 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of KB Home in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 96.09% of the company's stock.

About KB Home

KB Home NYSE: KBH is a homebuilder that develops and constructs residential communities across the United States. The company primarily builds single-family homes, along with certain attached homes and townhomes, serving first-time, move-up and active-adult buyers.

KB Home offers a range of home designs, floor plans and personalization options, allowing buyers to select features and finishes during the construction process. Its activities generally include land acquisition and development, home construction, sales and customer support, with homes built in both suburban and urban communities.

Founded in 1957, KB Home operates in markets across Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.

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