UBS Group Cuts KB Home (NYSE:KBH) Price Target to $63.00

KB Home (NYSE:KBHGet Free Report) had its target price decreased by research analysts at UBS Group from $71.00 to $63.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price target indicates a potential upside of 24.70% from the stock’s current price.

KBH has been the topic of several other reports. Truist Financial decreased their price objective on shares of KB Home from $65.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday. Royal Bank Of Canada lowered their price target on KB Home from $54.00 to $53.00 and set a “sector perform” rating on the stock in a report on Wednesday. Zacks Research downgraded shares of KB Home from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of KB Home in a report on Thursday, January 22nd. Finally, Keefe, Bruyette & Woods reduced their target price on KB Home from $67.00 to $62.00 and set a “market perform” rating on the stock in a report on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.33.

Read Our Latest Stock Report on KB Home

KB Home Stock Performance

KBH stock traded down $2.42 during trading on Wednesday, reaching $50.52. The stock had a trading volume of 1,281,876 shares, compared to its average volume of 1,143,039. The stock’s 50 day moving average is $59.74 and its two-hundred day moving average is $61.07. The firm has a market cap of $3.19 billion, a PE ratio of 10.30, a PEG ratio of 7.07 and a beta of 1.47. KB Home has a 52 week low of $48.90 and a 52 week high of $68.71. The company has a current ratio of 5.77, a quick ratio of 0.53 and a debt-to-equity ratio of 0.43.

KB Home (NYSE:KBHGet Free Report) last announced its earnings results on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. KB Home had a net margin of 6.88% and a return on equity of 11.40%. The firm’s quarterly revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.49 earnings per share. As a group, equities analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

Hedge Funds Weigh In On KB Home

Hedge funds have recently bought and sold shares of the business. First Horizon Corp boosted its stake in shares of KB Home by 178.9% during the fourth quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after purchasing an additional 322 shares during the period. Parkside Financial Bank & Trust increased its holdings in KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after purchasing an additional 250 shares during the period. Fulcrum Asset Management LLP bought a new stake in KB Home during the 3rd quarter valued at $36,000. Jones Financial Companies Lllp grew its position in shares of KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after buying an additional 240 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of KB Home during the fourth quarter valued at $46,000. Institutional investors own 96.09% of the company’s stock.

Trending Headlines about KB Home

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About KB Home

(Get Free Report)

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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