KB Home (NYSE:KBH) Receives Hold (C+) Rating from Weiss Ratings

KB Home (NYSE:KBH - Get Free Report)'s stock had its "hold (c+)" rating restated by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

KBH has been the topic of a number of other research reports. JPMorgan Chase & Co. cut their price target on shares of KB Home from $63.00 to $53.00 and set a "neutral" rating on the stock in a report on Monday, September 29th. Barclays set a $49.00 price target on shares of KB Home and gave the company an "equal weight" rating in a report on Tuesday, June 24th. Oppenheimer initiated coverage on shares of KB Home in a report on Wednesday, September 3rd. They set a "market perform" rating on the stock. Evercore ISI set a $65.00 price target on shares of KB Home and gave the company an "in-line" rating in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of KB Home from $50.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $64.82.

KB Home Trading Down 1.4%

KB Home stock opened at $60.30 on Wednesday. The company has a 50 day moving average price of $62.98 and a 200 day moving average price of $57.11. KB Home has a 52 week low of $48.90 and a 52 week high of $85.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 2.13. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 4.99 and a beta of 1.40.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Wednesday, September 24th. The construction company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the firm earned $2.04 earnings per share. KB Home's quarterly revenue was down 7.4% on a year-over-year basis. Research analysts forecast that KB Home will post 8.42 EPS for the current year.

Insider Buying and Selling at KB Home

In related news, COO Robert V. Mcgibney sold 14,000 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total value of $749,280.00. Following the transaction, the chief operating officer directly owned 78,345 shares in the company, valued at approximately $4,193,024.40. This 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 accessible through the SEC website. 3.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in shares of KB Home by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,944 shares of the construction company's stock worth $1,392,000 after purchasing an additional 819 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of KB Home by 0.4% in the first quarter. Principal Financial Group Inc. now owns 208,222 shares of the construction company's stock worth $12,102,000 after purchasing an additional 902 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of KB Home by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 763,666 shares of the construction company's stock worth $44,384,000 after purchasing an additional 6,856 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of KB Home by 64.3% in the first quarter. GAMMA Investing LLC now owns 1,658 shares of the construction company's stock worth $96,000 after purchasing an additional 649 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of KB Home by 11.5% in the first quarter. SG Americas Securities LLC now owns 10,252 shares of the construction company's stock worth $596,000 after purchasing an additional 1,057 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

About KB Home

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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