UBS Group Cuts KB Home (NYSE:KBH) Price Target to $100.00

KB Home (NYSE:KBH) had its price target reduced by UBS Group from $105.00 to $100.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities analysts have also recently commented on the stock. Wedbush boosted their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Wells Fargo & Company lowered their target price on KB Home from $83.00 to $74.00 and set an “underweight” rating for the company in a research note on Tuesday, December 17th. Barclays lowered KB Home from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $99.00 to $85.00 in a research report on Wednesday, December 11th. Bank of America lifted their price objective on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, KB Home presently has an average rating of “Hold” and a consensus target price of $80.00.

KB Home Stock Performance

NYSE KBH opened at $63.18 on Wednesday. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 0.57 and a beta of 1.86. The firm has a 50 day simple moving average of $74.16 and a 200-day simple moving average of $77.92. KB Home has a one year low of $58.05 and a one year high of $89.70.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.44% of the company’s stock.

Institutional Trading of KB Home

A number of hedge funds have recently added to or reduced their stakes in KBH. Wealth Enhancement Advisory Services LLC raised its stake in shares of KB Home by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock worth $1,842,000 after purchasing an additional 161 shares during the last quarter. Thrivent Financial for Lutherans raised its position 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 worth $1,304,000 after buying an additional 162 shares during the last quarter. CWM LLC lifted its stake in shares of KB Home by 10.2% in the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock worth $169,000 after acquiring an additional 183 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in shares of KB Home by 3.9% in 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 acquiring an additional 189 shares in the last quarter. Finally, Jupiter Wealth Management LLC increased its stake in shares of KB Home by 1.2% during the third quarter. Jupiter Wealth Management LLC now owns 18,891 shares of the construction company’s stock worth $1,619,000 after acquiring an additional 225 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

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.