KB Home (NYSE:KBH) Price Target Cut to $76.00 by Analysts at Keefe, Bruyette & Woods

KB Home (NYSE:KBH) had its target price trimmed by Keefe, Bruyette & Woods from $85.00 to $76.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a market perform rating on the construction company’s stock.

Several other equities analysts also recently issued reports on KBH. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their price objective for the company from $70.00 to $67.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday. Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company reduced their target price on KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a research report on Monday, January 13th. Finally, UBS Group lowered their price target on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, KB Home currently has an average rating of “Hold” and an average price target of $75.79.

KB Home Stock Performance

KB Home stock opened at $67.99 on Friday. KB Home has a fifty-two week low of $58.05 and a fifty-two week high of $89.70. The stock has a fifty day moving average of $72.80 and a two-hundred day moving average of $77.86. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.54 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. On average, analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

Institutional Trading of KB Home

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Financial Management Professionals Inc. acquired a new position in KB Home during the third quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home in the third quarter worth $43,000. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Home in the 3rd quarter valued at $59,000. Banque Cantonale Vaudoise acquired a new position in shares of KB Home during the 3rd quarter valued at $61,000. Finally, Versant Capital Management Inc boosted its position in KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Company Profile

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.