KB Home (NYSE:KBH) PT Raised to $90.00 at Bank of America

KB Home (NYSE:KBH) had its target price lifted by analysts at Bank of America from $75.00 to $90.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Bank of America‘s price target indicates a potential upside of 3.19% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Royal Bank of Canada cut KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a research note on Thursday, September 5th. The Goldman Sachs Group upped their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Wedbush reiterated a “neutral” rating and set a $67.00 price target on shares of KB Home in a research note on Thursday, September 12th. Keefe, Bruyette & Woods increased their price target on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Finally, Evercore ISI lifted their price objective on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.96.

KB Home Price Performance

KBH stock opened at $87.22 on Thursday. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. The company has a fifty day moving average price of $81.99 and a 200 day moving average price of $73.04. KB Home has a 12 month low of $42.11 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.64 billion. As a group, analysts anticipate that KB Home will post 8.38 earnings per share for the current year.

Institutional Investors Weigh In On KB Home

Several institutional investors and hedge funds have recently made changes to their positions in KBH. Fidelis Capital Partners LLC acquired a new position in KB Home during the first quarter worth about $60,000. Plato Investment Management Ltd grew its position in shares of KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after purchasing an additional 452 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after purchasing an additional 963 shares during the last quarter. Manchester Capital Management LLC grew its position in shares of KB Home by 134.4% in the first quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock valued at $81,000 after purchasing an additional 652 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of KB Home in the first quarter valued at approximately $120,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

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.