In a report released yesterday, Matthew Bouley from Barclays maintained a Buy rating on KB Home (KBH – Research Report), with a price target of $77.00. The company’s shares closed yesterday at $68.62.
Bouley covers the Industrials sector, focusing on stocks such as AZEK Company, Core & Main, and Builders Firstsource. According to TipRanks, Bouley has an average return of 22.5% and a 66.17% success rate on recommended stocks.
KB Home has an analyst consensus of Hold, with a price target consensus of $69.43, representing a 1.18% upside. In a report released yesterday, Evercore ISI also maintained a Buy rating on the stock with a $78.00 price target.
Based on KB Home’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $1.77 billion and a net profit of $164.44 million. In comparison, last year the company earned a revenue of $1.72 billion and had a net profit of $210.67 million
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KBH in relation to earlier this year. Last month, Robert V. McGibney, the President & COO of KBH sold 14,781.00 shares for a total of $899,571.66.
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KB Home (KBH) Company Description:
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. It 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. The company was founded in 1957 and is headquartered in Los Angeles, CA.
