KB Home (NYSE:KBH) Price Target Lowered to $74.50 at JPMorgan Chase & Co.

KB Home (NYSE:KBH) had its price target cut by JPMorgan Chase & Co. from $82.00 to $74.50 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

KBH has been the topic of several other reports. Wedbush raised their price target on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. UBS Group reduced their target price on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Barclays lowered their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday. Wells Fargo & Company reduced their price objective on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a research note on Monday. Finally, Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and lowered their target price for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $75.88.

KB Home Trading Up 1.8 %

Shares of NYSE:KBH opened at $68.36 on Wednesday. KB Home has a 1-year low of $58.05 and a 1-year high of $89.70. The stock has a market capitalization of $5.01 billion, a P/E ratio of 8.76, a P/E/G ratio of 0.54 and a beta of 1.86. The business has a 50-day moving average price of $73.32 and a two-hundred day moving average price of $77.92.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. KB Home’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, equities analysts predict that KB Home will post 8.42 EPS for the current year.

Institutional Trading of KB Home

A number of institutional investors have recently modified their holdings of KBH. FMR LLC grew its holdings in shares of KB Home by 47.9% during the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after buying an additional 1,752,498 shares in the last quarter. State Street Corp grew its stake in shares of KB Home by 1.3% during the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock worth $303,285,000 after acquiring an additional 45,311 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of KB Home by 3.4% in the third quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock valued at $189,047,000 after purchasing an additional 73,051 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of KB Home by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after purchasing an additional 16,593 shares in the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of KB Home in the third quarter valued at about $89,899,000. 96.09% of the stock is currently owned by institutional investors.

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.