KB Home (NYSE:KBH) Given New $65.00 Price Target at Keefe, Bruyette & Woods

KB Home (NYSE:KBH) had its target price cut by equities researchers at Keefe, Bruyette & Woods from $76.00 to $65.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 9.77% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. Wedbush reaffirmed a “neutral” rating and issued a $75.00 price target on shares of KB Home in a research note on Tuesday. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. The Goldman Sachs Group dropped their price target on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Evercore ISI boosted their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Finally, Raymond James reaffirmed an “outperform” rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.21.

KB Home Price Performance

NYSE KBH traded up $0.65 on Wednesday, hitting $59.22. The stock had a trading volume of 216,079 shares, compared to its average volume of 1,508,648. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a 52-week low of $56.41 and a 52-week high of $89.70. The firm has a 50-day moving average of $63.99 and a 200-day moving average of $72.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the firm posted $1.76 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. Equities analysts expect that KB Home will post 8.42 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.89% of the company’s stock.

Institutional Investors Weigh In On KB Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xponance Inc. lifted its stake in KB Home by 1.7% in the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock worth $645,000 after purchasing an additional 163 shares in the last quarter. Principal Securities Inc. increased its holdings in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares during the last quarter. Blue Trust Inc. lifted its position in shares of KB Home by 15.3% in the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after buying an additional 194 shares in the last quarter. Amundi boosted its stake in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after buying an additional 201 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of KB Home by 0.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock valued at $2,433,000 after acquiring an additional 206 shares during the last quarter. Institutional investors 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.