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

KB Home (NYSE:KBHGet Free Report) had its price objective dropped by research analysts at UBS Group from $71.00 to $63.00 in a report issued on Wednesday,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 24.70% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of KB Home in a report on Thursday, January 22nd. Truist Financial reduced their price objective on KB Home from $65.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. dropped their target price on KB Home from $71.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, December 29th. Bank of America dropped their price objective on shares of KB Home from $63.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $66.00 price target on shares of KB Home in a report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.33.

View Our Latest Analysis on KB Home

KB Home Stock Down 4.6%

NYSE KBH traded down $2.42 on Wednesday, hitting $50.52. The stock had a trading volume of 1,281,876 shares, compared to its average volume of 1,143,039. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.77 and a quick ratio of 0.53. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth 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 business’s fifty day moving average price is $59.74 and its 200 day moving average price is $61.07.

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

Hedge Funds Weigh In On KB Home

A number of institutional investors and hedge funds have recently bought and sold shares of KBH. SG Americas Securities LLC increased its stake in KB Home by 204.8% during the third quarter. SG Americas Securities LLC now owns 69,078 shares of the construction company’s stock worth $4,396,000 after acquiring an additional 46,415 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of KB Home in the 3rd quarter valued at $1,551,000. Deprince Race & Zollo Inc. purchased a new position in shares of KB Home during the 3rd quarter worth $59,301,000. Strs Ohio increased its position in shares of KB Home by 1,788.1% during the 3rd quarter. Strs Ohio now owns 79,300 shares of the construction company’s stock worth $5,047,000 after purchasing an additional 75,100 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new position in KB Home during the third quarter worth about $1,451,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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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Analyst Recommendations for KB Home (NYSE:KBH)

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