KB Home (NYSE:KBH) Price Target Raised to $75.00 at Wedbush

KB Home (NYSE:KBH) had its target price boosted by investment analysts at Wedbush from $67.00 to $75.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. Wedbush’s target price suggests a potential downside of 9.42% from the stock’s previous close.

Several other analysts have also weighed in on KBH. Keefe, Bruyette & Woods lifted their price objective on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, June 20th. Wells Fargo & Company upped their price objective on KB Home from $70.00 to $80.00 and gave the stock an “equal weight” rating in a report on Monday, September 9th. Bank of America lifted their price target on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a research report on Thursday, September 5th. Finally, Evercore ISI boosted their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $77.27.

KB Home Stock Performance

NYSE KBH traded down $4.63 on Wednesday, reaching $82.80. The company’s stock had a trading volume of 1,894,919 shares, compared to its average volume of 1,257,694. KB Home has a twelve month low of $42.11 and a twelve month high of $89.70. The firm’s 50 day moving average is $82.33 and its two-hundred day moving average is $73.37. The stock has a market cap of $6.23 billion, a PE ratio of 10.95, a PEG ratio of 0.89 and a beta of 1.81.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 earnings per share. Equities research analysts anticipate that KB Home will post 8.38 EPS for the current fiscal year.

Hedge Funds Weigh In On KB Home

A number of hedge funds and other institutional investors have recently modified their holdings of KBH. Thrivent Financial for Lutherans raised its holdings in 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 acquiring an additional 162 shares during the period. Public Employees Retirement Association of Colorado boosted its position in KB Home by 3.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after buying an additional 189 shares during the period. US Bancorp DE boosted its position in KB Home by 1.6% during the first quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock valued at $873,000 after buying an additional 191 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in shares of KB Home by 2.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock worth $782,000 after purchasing an additional 231 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of KB Home by 10.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock worth $201,000 after purchasing an additional 293 shares during the period. Hedge funds and other 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.