KB Home (NYSE:KBH) Price Target Lowered to $76.00 at Bank of America

KB Home (NYSE:KBH) had its target price reduced by Bank of America from $80.00 to $76.00 in a research report report published on Tuesday morning,Benzinga reports. Bank of America currently has a neutral rating on the construction company’s stock.

KBH has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered their price target on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and lowered their price target for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Barclays cut shares of KB Home from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $99.00 to $85.00 in a report on Wednesday, December 11th. Wells Fargo & Company reduced their price objective on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating for the company in a research note on Monday. Finally, Wedbush lifted their price objective on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $75.88.

KB Home Stock Up 5.1 %

KB Home stock opened at $67.36 on Tuesday. KB Home has a 52 week low of $58.05 and a 52 week high of $89.70. The company’s 50 day moving average price is $73.56 and its two-hundred day moving average price is $77.99. The stock has a market cap of $4.94 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.57 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its quarterly earnings results 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 company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. KB Home’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 EPS. On average, equities analysts anticipate that KB Home will post 8.42 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of KB Home by 0.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after purchasing an additional 161 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of KB Home by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock valued at $1,304,000 after purchasing an additional 162 shares in the last quarter. CWM LLC grew its position in shares of KB Home by 10.2% during the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after purchasing an additional 183 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of KB Home by 3.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after purchasing an additional 189 shares in the last quarter. Finally, Jupiter Wealth Management LLC grew its position in shares of KB Home by 1.2% during the 3rd quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock valued at $1,619,000 after purchasing an additional 225 shares in the last quarter. 96.09% of the stock is currently 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.