KB Home (NYSE:KBH) PT Raised to $99.00 at Barclays

KB Home (NYSE:KBH) had its target price lifted by stock analysts at Barclays from $78.00 to $99.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Barclays‘s price target points to a potential upside of 17.42% from the company’s previous close.

KBH has been the subject of a number of other research reports. Wedbush reiterated a “neutral” rating and set a $67.00 price target on shares of KB Home in a research report on Thursday, September 12th. The Goldman Sachs Group upped their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Keefe, Bruyette & Woods raised their target price on shares of KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a research note on Thursday, June 20th. Bank of America boosted their price target on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. 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 report on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, KB Home presently has an average rating of “Hold” and a consensus price target of $77.27.

KB Home Stock Up 1.9 %

Shares of NYSE:KBH opened at $84.31 on Wednesday. The company’s 50-day moving average price is $82.37 and its 200 day moving average price is $73.43. The company has a market cap of $6.34 billion, a PE ratio of 11.15, a P/E/G ratio of 0.89 and a beta of 1.81. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a net margin of 9.43% and a return on equity of 15.66%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the firm posted $1.80 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities analysts anticipate that KB Home will post 8.38 EPS for the current year.

Institutional Investors Weigh In On KB Home

A number of institutional investors and hedge funds have recently modified their holdings of KBH. Heritage Wealth Management Inc. acquired a new position in shares of KB Home in the 2nd quarter worth $575,000. Sanctuary Advisors LLC acquired a new stake in KB Home during the 2nd quarter worth about $691,000. Cetera Investment Advisers lifted its stake in KB Home by 3.1% during the second quarter. Cetera Investment Advisers now owns 23,097 shares of the construction company’s stock valued at $1,621,000 after buying an additional 698 shares in the last quarter. Invst LLC lifted its stake in KB Home by 6.4% during the second quarter. Invst LLC now owns 12,547 shares of the construction company’s stock valued at $846,000 after buying an additional 751 shares in the last quarter. Finally, Creative Planning boosted its holdings in shares of KB Home by 20.9% in the second quarter. Creative Planning now owns 23,662 shares of the construction company’s stock worth $1,661,000 after buying an additional 4,096 shares during the period. 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.