From MarketBeat:

KB Home reported quarterly earnings data, revealing $1.85 EPS which surpassed the $1.69 consensus estimate. The construction company also posted a 17.56% return on equity and a net margin of 9.83%, with $1.67 billion in revenue. The stock is traded on the NYSE under the ticker KBH, reaching a 52-week high of $64.00. KB Home operates primarily in the United States, with its stock currently rated as “Hold” by analysts.

Institutional trading of KB Home reveals a number of stakeholders making significant changes to their positions. This includes Harbour Investments, Lazard Asset Management, Acadian Asset Management, and others. Institutional investors now hold 91.27% of the company’s stock.

Several analysts have recently revised their ratings of KB Home. Seaport Res Ptn upgraded the stock from “neutral” to “buy,” while Royal Bank of Canada reissued a “sector perform” rating. This results in a consensus “Hold” rating for KBH with an average target price of $53.58. Despite this, the stock was not among the top 5 stocks recommended by top analysts.

KB Home operates as a homebuilding company in the United States, selling various homes including single-family residential homes, townhomes, and condominiums. The company focuses on first-time, first move-up, second move-up, and active adult homebuyers. They have four operational segments: West Coast, Southwest, Central, and Southeast.

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Read more: KB Home (NYSE:KBH) Posts Quarterly Earnings Results