KB Home (NYSE:KBH) PT Raised to $90.00 at Bank of America

KB Home (NYSE:KBH - Get Free Report) had its target price upped by investment analysts at Bank of America from $75.00 to $90.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "neutral" rating on the construction company's stock. Bank of America's target price would indicate a potential upside of 0.39% from the company's current price.

A number of other equities research analysts have also issued reports on KBH. Keefe, Bruyette & Woods increased their target price on KB Home from $74.00 to $77.00 and gave the company a "market perform" rating in a research note on Thursday, June 20th. Royal Bank of Canada lowered shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price objective on the stock. in a research note on Thursday, September 5th. Wells Fargo & Company raised their price target on shares of KB Home from $70.00 to $80.00 and gave the company an "equal weight" rating in a report on Monday, September 9th. Evercore ISI boosted their price objective on shares of KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. Finally, The Goldman Sachs Group raised their target price on KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, September 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $74.96.

KB Home Trading Up 3.5 %

NYSE:KBH traded up $3.03 on Thursday, hitting $89.65. 935,732 shares of the stock were exchanged, compared to its average volume of 1,249,878. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $89.70. The stock has a fifty day moving average of $81.77 and a 200-day moving average of $72.90. The stock has a market cap of $6.74 billion, a PE ratio of 11.86, a PEG ratio of 0.80 and a beta of 1.81.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The firm had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.64 billion. As a group, analysts predict that KB Home will post 8.38 earnings per share for the current year.

Institutional Trading of KB Home

A number of institutional investors and hedge funds have recently modified their holdings of KBH. Capstone Investment Advisors LLC acquired a new stake in KB Home during the first quarter worth about $935,000. Hancock Whitney Corp lifted its holdings in shares of KB Home by 311.0% in the 1st quarter. Hancock Whitney Corp now owns 16,219 shares of the construction company's stock worth $1,150,000 after purchasing an additional 12,273 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of KB Home in the 1st quarter worth approximately $1,078,000. Entropy Technologies LP acquired a new position in KB Home during the 1st quarter valued at approximately $640,000. Finally, FCF Advisors LLC grew its stake in KB Home by 102.9% during the 1st quarter. FCF Advisors LLC now owns 21,882 shares of the construction company's stock worth $1,551,000 after buying an additional 11,099 shares during the last quarter. 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.