UBS Group Cuts KB Home (NYSE:KBH) Price Target to $80.00

KB Home (NYSE:KBH - Get Free Report) had its target price decreased by analysts at UBS Group from $86.00 to $80.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the construction company's stock. UBS Group's target price suggests a potential upside of 51.52% from the company's current price.

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group cut their price objective on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Wells Fargo & Company decreased their price target on shares of KB Home from $53.00 to $52.00 and set an "underweight" rating for the company in a research report on Tuesday. Wedbush restated a "neutral" rating and set a $75.00 price objective on shares of KB Home in a research note on Tuesday, March 25th. Royal Bank Of Canada lowered their price target on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. Finally, Wall Street Zen cut KB Home from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $69.68.

KB Home Stock Down 1.0%

Shares of NYSE KBH traded down $0.52 on Tuesday, hitting $52.80. The company had a trading volume of 782,506 shares, compared to its average volume of 1,300,317. The company has a quick ratio of 0.56, a current ratio of 6.01 and a debt-to-equity ratio of 0.44. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The firm has a market capitalization of $3.79 billion, a P/E ratio of 6.45, a PEG ratio of 3.87 and a beta of 1.35. The business has a 50 day moving average of $52.87 and a two-hundred day moving average of $59.84.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.05. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 9.13% and a return on equity of 15.52%. KB Home's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the company earned $2.15 earnings per share. As a group, equities research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the sale, the director now owns 10,262 shares in the company, valued at $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.89% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Militia Capital Partners LP acquired a new stake in KB Home in the 1st quarter valued at about $849,000. Inspire Investing LLC grew its stake in shares of KB Home by 35.4% in the 1st quarter. Inspire Investing LLC now owns 43,496 shares of the construction company's stock worth $2,528,000 after purchasing an additional 11,374 shares during the last quarter. Strs Ohio bought a new stake in shares of KB Home in the 1st quarter worth approximately $244,000. SCS Capital Management LLC acquired a new stake in KB Home during the first quarter valued at approximately $350,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in KB Home by 5.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company's stock valued at $13,108,000 after purchasing an additional 11,103 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.

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