KB Home (NYSE:KBH) Given New $72.00 Price Target at The Goldman Sachs Group

KB Home (NYSE:KBH - Get Free Report) had its price target cut by investment analysts at The Goldman Sachs Group from $81.00 to $72.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the construction company's stock. The Goldman Sachs Group's price target would indicate a potential upside of 12.51% from the company's previous close.

A number of other research analysts have also commented on KBH. Wells Fargo & Company decreased their price objective on KB Home from $70.00 to $65.00 and set an "underweight" rating on the stock in a report on Tuesday, January 28th. Evercore ISI upped their price objective on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Royal Bank of Canada raised KB Home from an "underperform" rating to a "sector perform" rating and decreased their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday. Finally, Barclays decreased their price objective on KB Home from $85.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $75.38.

Remove Ads

KB Home Stock Performance

KBH traded down $0.43 during trading hours on Friday, reaching $64.00. The company's stock had a trading volume of 1,163,702 shares, compared to its average volume of 1,398,139. KB Home has a 52 week low of $59.00 and a 52 week high of $89.70. The company's 50-day moving average is $64.99 and its 200-day moving average is $74.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a market cap of $4.62 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter in the prior year, the business earned $1.85 EPS. The firm's revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities analysts forecast that KB Home will post 8.42 EPS for the current year.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company's stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.44% of the stock is currently owned by insiders.

Institutional Trading of KB Home

Several large investors have recently bought and sold shares of KBH. FMR LLC boosted its stake in KB Home by 47.9% in the third quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after buying an additional 1,752,498 shares in the last quarter. Holocene Advisors LP acquired a new stake in KB Home in the third quarter valued at about $89,899,000. Norges Bank acquired a new stake in KB Home in the fourth quarter valued at about $49,638,000. Hennessy Advisors Inc. bought a new position in KB Home in the fourth quarter valued at about $44,118,000. Finally, Two Sigma Advisers LP raised its position in KB Home by 4,408.6% in the fourth quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company's stock valued at $34,372,000 after purchasing an additional 511,400 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.