KB Home (NYSE:KBH) PT Raised to $80.00 at Wells Fargo & Company

KB Home (NYSE:KBH - Get Free Report) had its price objective boosted by equities researchers at Wells Fargo & Company from $70.00 to $80.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an "equal weight" rating on the construction company's stock. Wells Fargo & Company's price target suggests a potential downside of 0.05% from the stock's current price.

KBH has been the topic of a number of other research reports. Wedbush upped their price objective on KB Home from $64.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, June 20th. Zelman & Associates reiterated an "underperform" rating and issued a $69.00 price objective on shares of KB Home in a research note on Monday, May 13th. 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 note on Tuesday, September 3rd. Evercore ISI lifted their price target on shares of KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, July 15th. Finally, Royal Bank of Canada cut shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price objective for the company. in a research report on Thursday. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $73.71.

KB Home Price Performance

Shares of NYSE:KBH traded up $0.69 during mid-day trading on Monday, reaching $80.04. 846,520 shares of the company were exchanged, compared to its average volume of 1,264,234. KB Home has a 1 year low of $42.11 and a 1 year high of $88.31. The firm's 50-day simple moving average is $78.72 and its 200 day simple moving average is $71.78. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 0.80 and a beta of 1.81.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings data on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, beating the consensus estimate of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.64 billion. On average, research analysts forecast that KB Home will post 8.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of KB Home during the fourth quarter worth about $36,761,000. LSV Asset Management grew its stake in shares of KB Home by 118.4% in the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock valued at $74,138,000 after purchasing an additional 572,800 shares during the last quarter. Swedbank AB acquired a new position in shares of KB Home in the first quarter valued at approximately $13,047,000. WINTON GROUP Ltd lifted its holdings in shares of KB Home by 754.7% during the second quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company's stock worth $14,512,000 after purchasing an additional 182,595 shares during the period. Finally, American Century Companies Inc. grew its position in KB Home by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock valued at $118,244,000 after buying an additional 147,326 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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.