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GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
TSLA   829.10 (-11.55%)
NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
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DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
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NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
F   19.55 (-1.81%)
DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)
QQQ   341.10 (-1.01%)
AAPL   159.22 (-0.29%)
MSFT   299.84 (+1.05%)
FB   294.64 (+0.00%)
GOOGL   2,580.10 (-0.18%)
AMZN   2,792.75 (+0.55%)
TSLA   829.10 (-11.55%)
NVDA   219.44 (-3.64%)
BABA   111.79 (-1.39%)
NIO   21.11 (-6.84%)
AMD   102.60 (-7.33%)
CGC   6.85 (-5.26%)
MU   78.72 (-3.96%)
GE   89.90 (+0.65%)
T   24.12 (-0.54%)
F   19.55 (-1.81%)
DIS   135.42 (+1.36%)
AMC   14.52 (-8.91%)
PFE   53.37 (+0.68%)
ACB   3.79 (-6.65%)
BA   189.75 (-2.33%)

UBS Group Begins Coverage on KB Home (NYSE:KBH)

Last updated on Wednesday, January 19, 2022 | 2022 MarketBeat

Equities researchers at UBS Group initiated coverage on shares of KB Home (NYSE:KBH) in a report issued on Wednesday, The Fly reports. The brokerage set a "buy" rating on the construction company's stock.

Other equities analysts have also issued reports about the company. Raymond James increased their price target on KB Home from $55.00 to $63.00 and gave the company a "strong-buy" rating in a research note on Friday, January 14th. Bank of America began coverage on KB Home in a research note on Monday, November 8th. They set a "neutral" rating for the company. JPMorgan Chase & Co. decreased their price target on KB Home from $59.00 to $53.00 and set a "neutral" rating for the company in a research note on Thursday, October 14th. KeyCorp lowered KB Home from a "sector weight" rating to an "underweight" rating and set a $38.00 price target for the company. in a research note on Wednesday. Finally, Barclays increased their price objective on KB Home from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Wednesday, December 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $54.42.

KBH stock traded down $1.78 on Wednesday, reaching $43.42. The company's stock had a trading volume of 3,699,065 shares, compared to its average volume of 3,862,630. KB Home has a 52 week low of $37.76 and a 52 week high of $52.48. The company has a market capitalization of $3.80 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.32 and a beta of 1.76. The business has a fifty day simple moving average of $43.36.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Wednesday, January 12th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.14. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.71 billion. KB Home had a return on equity of 19.79% and a net margin of 9.86%. The firm's quarterly revenue was up 40.3% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. Sell-side analysts forecast that KB Home will post 9.03 EPS for the current year.

In other news, CEO Jeffrey T. Mezger sold 121,408 shares of the stock in a transaction on Thursday, November 11th. The stock was sold at an average price of $41.90, for a total value of $5,086,995.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey T. Mezger sold 166,861 shares of the stock in a transaction on Tuesday, November 9th. The stock was sold at an average price of $42.66, for a total value of $7,118,290.26. The disclosure for this sale can be found here. Insiders sold 327,639 shares of company stock valued at $13,841,503 in the last 90 days. Corporate insiders own 4.40% of the company's stock.

Large investors have recently made changes to their positions in the stock. Sovarnum Capital L.P. purchased a new stake in shares of KB Home during the second quarter worth $3,339,000. Vanguard Group Inc. raised its holdings in shares of KB Home by 1.9% during the second quarter. Vanguard Group Inc. now owns 8,227,362 shares of the construction company's stock worth $335,018,000 after acquiring an additional 154,533 shares in the last quarter. Millennium Management LLC raised its holdings in shares of KB Home by 961.8% during the second quarter. Millennium Management LLC now owns 1,473,440 shares of the construction company's stock worth $59,998,000 after acquiring an additional 1,334,668 shares in the last quarter. Allianz Asset Management GmbH increased its position in KB Home by 32.3% during the second quarter. Allianz Asset Management GmbH now owns 203,198 shares of the construction company's stock worth $8,274,000 after buying an additional 49,655 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in KB Home by 23.1% during the second quarter. Penserra Capital Management LLC now owns 25,265 shares of the construction company's stock worth $1,028,000 after buying an additional 4,743 shares during the last quarter. Institutional investors and hedge funds own 88.54% of the company's stock.

KB Home Company Profile

KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.

See Also: Treasury Bonds

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Analyst Recommendations for KB Home (NYSE:KBH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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