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

KB Home (NYSE:KBH - Free Report) had its price target cut by Bank of America from $80.00 to $76.00 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the construction company's stock.

Several other brokerages have also issued reports on KBH. Wedbush upped their target price on shares of KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. reduced their price objective on KB Home from $92.50 to $82.00 and set a "neutral" rating on the stock in a research report on Friday, December 13th. Royal Bank of Canada raised KB Home from an "underperform" rating to a "sector perform" rating and cut their target price for the stock from $70.00 to $67.00 in a research note on Friday. UBS Group reduced their price target on shares of KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Evercore ISI boosted their price objective on shares of KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $76.50.

KB Home Trading Up 5.1 %

Shares of KBH traded up $3.28 during mid-day trading on Tuesday, reaching $67.36. 5,895,204 shares of the stock traded hands, compared to its average volume of 1,921,932. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.57 and a beta of 1.86. KB Home has a 1 year low of $58.05 and a 1 year high of $89.70. The firm has a fifty day moving average price of $73.56 and a 200 day moving average price of $77.99.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.99 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The firm's revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 earnings per share. On average, sell-side analysts anticipate that KB Home will post 8.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of KB Home by 24.5% during the third quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after buying an additional 38,638 shares during the period. Charles Schwab Investment Management Inc. increased its position in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock valued at $77,655,000 after purchasing an additional 164,010 shares during the period. Neo Ivy Capital Management bought a new position in KB Home in the 3rd quarter worth $956,000. Cerity Partners LLC boosted its stake in shares of KB Home by 24.7% during the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company's stock valued at $3,320,000 after purchasing an additional 7,679 shares in the last quarter. Finally, Citigroup Inc. raised its stake in KB Home by 62.1% in the third quarter. Citigroup Inc. now owns 107,051 shares of the construction company's stock worth $9,173,000 after buying an additional 40,992 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

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.