KB Home (NYSE:KBH) Upgraded to "Strong-Buy" at Seaport Res Ptn

KB Home (NYSE:KBH - Get Free Report) was upgraded by stock analysts at Seaport Res Ptn from a "hold" rating to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

KBH has been the subject of a number of other research reports. Raymond James restated an "outperform" rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Royal Bank of Canada upgraded KB Home from an "underperform" rating to a "sector perform" rating and lowered their target price for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods decreased their price objective on KB Home from $85.00 to $76.00 and set a "market perform" rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Finally, Bank of America decreased their price objective on KB Home from $76.00 to $71.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $75.38.

KB Home Stock Down 0.7 %

KB Home stock traded down $0.43 during mid-day trading on Thursday, reaching $64.00. 1,163,702 shares of the company were exchanged, compared to its average volume of 1,398,139. The business has a fifty day moving average of $64.99 and a 200 day moving average of $74.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a market cap of $4.62 billion, a P/E ratio of 7.56, a PEG ratio of 0.90 and a beta of 1.89. KB Home has a 12-month low of $59.00 and a 12-month high of $89.70.

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KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home's revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. Research analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. FMR LLC raised its position in shares of KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after buying an additional 1,752,498 shares during the period. State Street Corp increased its holdings in KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock valued at $303,285,000 after purchasing an additional 45,311 shares during the last quarter. Invesco Ltd. increased its holdings in KB Home by 2.4% in the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company's stock valued at $157,529,000 after purchasing an additional 56,142 shares during the last quarter. Fisher Asset Management LLC increased its holdings in KB Home by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after purchasing an additional 75,143 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in KB Home by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company's stock valued at $166,125,000 after purchasing an additional 16,593 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other 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.