Keefe, Bruyette & Woods Cuts KB Home (NYSE:KBH) Price Target to $76.00

KB Home (NYSE:KBH - Free Report) had its price objective lowered by Keefe, Bruyette & Woods from $85.00 to $76.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a market perform rating on the construction company's stock.

A number of other equities research analysts also recently issued reports on KBH. Seaport Res Ptn raised shares of KB Home from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Barclays cut their target price on KB Home from $85.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Bank of America lowered their price target on KB Home from $80.00 to $76.00 and set a "neutral" rating for the company in a research report on Tuesday. Evercore ISI boosted their price objective on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Wedbush raised their target price on KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, KB Home currently has a consensus rating of "Hold" and an average target price of $75.79.

KB Home Price Performance

KBH traded down $0.26 during trading hours on Friday, reaching $67.99. The company's stock had a trading volume of 1,380,495 shares, compared to its average volume of 1,911,781. The stock has a market cap of $4.99 billion, a PE ratio of 8.72, a P/E/G ratio of 0.54 and a beta of 1.86. KB Home has a fifty-two week low of $58.05 and a fifty-two week high of $89.70. The business's 50-day moving average is $72.80 and its 200-day moving average is $77.86.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates 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 company's revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 EPS. Analysts expect that KB Home will post 8.42 EPS for the current year.

Institutional Trading of KB Home

Several hedge funds have recently added to or reduced their stakes in KBH. FMR LLC raised its holdings in shares of KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after purchasing an additional 1,752,498 shares in the last quarter. Holocene Advisors LP purchased a new position in KB Home in the third quarter valued at $89,899,000. Hennessy Advisors Inc. acquired a new stake in KB Home in the fourth quarter valued at $44,118,000. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $77,655,000 after buying an additional 164,010 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of KB Home by 201.8% during the 3rd quarter. Empowered Funds LLC now owns 216,645 shares of the construction company's stock worth $18,564,000 after acquiring an additional 144,854 shares in the last quarter. Institutional investors and hedge funds 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.