KB Home (NYSE:KBH) Price Target Cut to $82.00 by Analysts at JPMorgan Chase & Co.

KB Home (NYSE:KBH - Free Report) had its target price lowered by JPMorgan Chase & Co. from $92.50 to $82.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the construction company's stock.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group upped their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Wells Fargo & Company cut KB Home from an "equal weight" rating to an "underweight" rating and upped their price objective for the stock from $80.00 to $83.00 in a report on Monday, October 7th. Barclays cut KB Home from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $99.00 to $85.00 in a report on Wednesday. Wedbush boosted their target price on KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. Finally, Bank of America increased their price target on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $79.92.

KB Home Trading Down 2.9 %

Shares of KB Home stock traded down $2.11 during trading on Friday, hitting $71.42. The stock had a trading volume of 1,404,576 shares, compared to its average volume of 1,203,725. KB Home has a 12 month low of $58.05 and a 12 month high of $89.70. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 9.15, a P/E/G ratio of 0.59 and a beta of 1.81. The business's 50-day moving average is $80.04 and its 200 day moving average is $78.38.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.06 by ($0.02). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business's revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.80 EPS. As a group, equities analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, November 14th. KB Home's payout ratio is currently 12.82%.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction dated 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 sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,737,156.20. This represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.44% of the company's stock.

Institutional Investors Weigh In On KB Home

A number of hedge funds and other institutional investors have recently bought and sold shares of KBH. CWM LLC increased its position in KB Home by 26.6% during the 2nd quarter. CWM LLC now owns 1,792 shares of the construction company's stock valued at $126,000 after buying an additional 377 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of KB Home by 190.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company's stock worth $7,348,000 after purchasing an additional 68,697 shares during the last quarter. RBA Wealth Management LLC bought a new position in KB Home in the 2nd quarter worth about $4,265,000. Bank of New York Mellon Corp grew its position in KB Home by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company's stock valued at $61,250,000 after purchasing an additional 3,993 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in KB Home by 7.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,341 shares of the construction company's stock valued at $1,638,000 after purchasing an additional 1,523 shares in the last quarter. 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.