KB Home (NYSE:KBH) Price Target Lowered to $56.00 at Barclays

KB Home (NYSE:KBHGet Free Report) had its price target reduced by analysts at Barclays from $62.00 to $56.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. Barclays‘s price target suggests a potential upside of 9.09% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $66.00 price target on shares of KB Home in a research note on Tuesday, January 13th. Raymond James Financial downgraded shares of KB Home from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 24th. Truist Financial started coverage on shares of KB Home in a research report on Tuesday, March 3rd. They set a “hold” rating and a $65.00 price target for the company. Royal Bank Of Canada dropped their price objective on shares of KB Home from $59.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Friday, December 19th. Finally, Citizens Jmp started coverage on shares of KB Home in a report on Tuesday. They issued an “outperform” rating and a $77.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.00.

Check Out Our Latest Stock Analysis on KB Home

KB Home Trading Down 3.0%

Shares of KBH opened at $51.34 on Wednesday. KB Home has a 1-year low of $48.90 and a 1-year 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. The firm’s 50-day moving average price is $59.74 and its 200-day moving average price is $61.07. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 7.07 and a beta of 1.47.

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

Institutional Trading of KB Home

Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC raised its holdings in shares of KB Home by 953.9% during the fourth quarter. Hsbc Holdings PLC now owns 33,776 shares of the construction company’s stock valued at $1,920,000 after purchasing an additional 30,571 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in KB Home by 15.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,275 shares of the construction company’s stock worth $128,000 after purchasing an additional 304 shares during the last quarter. Corient Private Wealth LLC grew its position in KB Home by 7.2% in the 4th quarter. Corient Private Wealth LLC now owns 23,485 shares of the construction company’s stock worth $1,325,000 after purchasing an additional 1,575 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in KB Home by 376,300.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,764 shares of the construction company’s stock valued at $212,000 after buying an additional 3,763 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of KB Home by 3.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 66,753 shares of the construction company’s stock valued at $3,766,000 after buying an additional 2,347 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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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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