KB Home (NYSE:KBH) Earns Market Perform Rating from Analysts at Oppenheimer

Key Points

• Oppenheimer initiated coverage on KB Home, assigning a "market perform" rating to the stock, indicating cautious optimism.
• KB Home's stock price is currently down 0.7%, with a 1-year fluctuation between a low of $48.90 and a high of $89.70.
• After recent earnings, analysts noted a decrease in revenue by 10.5% year-over-year, but the company beat EPS expectations by $0.05, reporting $1.50.

Investment analysts at Oppenheimer began coverage on shares of KB Home (NYSE:KBH - Get Free Report) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a "market perform" rating on the construction company's stock.

Several other equities research analysts have also recently commented on KBH. UBS Group cut their target price on KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Keefe, Bruyette & Woods lowered their price target on KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research report on Thursday, June 26th. Evercore ISI decreased their target price on KB Home from $77.00 to $70.00 and set an "outperform" rating on the stock in a report on Tuesday, June 24th. Barclays set a $49.00 target price on KB Home and gave the stock an "equal weight" rating in a report on Tuesday, June 24th. Finally, Bank of America decreased their price objective on KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, KB Home presently has a consensus rating of "Hold" and a consensus price target of $66.86.

KB Home Stock Down 0.7%

KBH opened at $63.11 on Wednesday. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The company has a current ratio of 5.83, a quick ratio of 0.60 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 8.27, a P/E/G ratio of 5.11 and a beta of 1.36. The business has a 50 day moving average of $58.06 and a 200-day moving average of $56.60.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%.The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period last year, the business earned $2.15 earnings per share. The business's revenue was down 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

Insider Buying and Selling at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the transaction, the chief operating officer owned 78,345 shares in the company, valued at $4,193,024.40. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.89% of the stock is owned by corporate insiders.

Institutional Trading of KB Home

Hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its holdings in KB Home by 73.7% during the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock worth $35,000 after acquiring an additional 258 shares during the period. Sachetta LLC increased its position in KB Home by 3,142.9% in the first quarter. Sachetta LLC now owns 681 shares of the construction company's stock worth $40,000 after buying an additional 660 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in KB Home in the first quarter worth $40,000. Byrne Asset Management LLC increased its position in KB Home by 51.8% in the first quarter. Byrne Asset Management LLC now owns 774 shares of the construction company's stock worth $45,000 after buying an additional 264 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in KB Home in the second quarter worth $44,000. 96.09% of the stock is currently 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.

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