KB Home (KBH) Lifted to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of KB Home (NYSE:KBH) from a buy rating to a strong-buy rating in a report released on Sunday morning.

KBH has been the subject of a number of other reports. MKM Partners reiterated a neutral rating on shares of KB Home in a research note on Tuesday, September 5th. JPMorgan Chase & Co. reiterated an underweight rating and issued a $27.00 target price (up from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $33.00 target price on shares of KB Home in a research note on Friday, December 22nd. Wedbush reiterated a buy rating and issued a $26.00 target price on shares of KB Home in a research note on Friday, September 22nd. Finally, KeyCorp reiterated a hold rating on shares of KB Home in a research note on Tuesday, September 26th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $23.82.

Shares of KB Home (KBH) opened at $32.61 on Friday. The company has a market cap of $2,763.69, a P/E ratio of 23.46, a P/E/G ratio of 0.75 and a beta of 1.70. KB Home has a 12 month low of $15.51 and a 12 month high of $32.48.

In other KB Home news, EVP Albert Z. Praw sold 150,000 shares of KB Home stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $25.85, for a total transaction of $3,877,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Brian J. Woram sold 49,529 shares of KB Home stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $27.11, for a total transaction of $1,342,731.19. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. lifted its stake in KB Home by 1.0% during the 3rd quarter. Prudential Financial Inc. now owns 693,448 shares of the construction company’s stock valued at $16,726,000 after acquiring an additional 6,570 shares during the period. CIBC World Markets Inc. lifted its stake in KB Home by 2.6% during the 2nd quarter. CIBC World Markets Inc. now owns 186,011 shares of the construction company’s stock valued at $4,459,000 after acquiring an additional 4,724 shares during the period. Voya Investment Management LLC lifted its stake in KB Home by 18.6% during the 2nd quarter. Voya Investment Management LLC now owns 35,115 shares of the construction company’s stock valued at $842,000 after acquiring an additional 5,497 shares during the period. Vanguard Group Inc. lifted its stake in KB Home by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock valued at $165,031,000 after acquiring an additional 492,594 shares during the period. Finally, American International Group Inc. lifted its stake in KB Home by 3.0% during the 3rd quarter. American International Group Inc. now owns 226,771 shares of the construction company’s stock valued at $5,470,000 after acquiring an additional 6,581 shares during the period. Institutional investors and hedge funds own 96.73% of the company’s stock.

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KB Home Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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