KB Home’s (KBH) Outperform Rating Reaffirmed at Raymond James

Raymond James reaffirmed their outperform rating on shares of KB Home (NYSE:KBH) in a research note released on Tuesday,Benzinga reports. Raymond James currently has a $80.00 target price on the construction company’s stock, down from their previous target price of $93.00.

KBH has been the subject of a number of other research reports. Bank of America cut their price objective on shares of KB Home from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Seaport Res Ptn upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Finally, Evercore ISI increased their target price on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, KB Home presently has an average rating of “Hold” and an average price target of $76.63.

KB Home Trading Down 0.1 %

Shares of KBH opened at $67.80 on Tuesday. The company’s 50 day simple moving average is $72.05 and its 200-day simple moving average is $77.97. The firm has a market cap of $4.97 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86. KB Home has a 12-month low of $58.05 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm posted $1.85 EPS. KB Home’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that KB Home will post 8.67 EPS for the current fiscal year.

Hedge Funds Weigh In On KB Home

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBH. Financial Management Professionals Inc. acquired a new position in shares of KB Home during the 3rd quarter worth $32,000. Riggs Asset Managment Co. Inc. acquired a new position in KB Home during the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Home in the third quarter worth $59,000. Banque Cantonale Vaudoise acquired a new position in KB Home in the 3rd quarter valued at $61,000. Finally, Versant Capital Management Inc boosted its holdings in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after acquiring an additional 557 shares during the period. Institutional investors 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.