KB Home (NYSE:KBH) Given New $82.00 Price Target at JPMorgan Chase & Co.

KB Home (NYSE:KBH) had its price target dropped by analysts at JPMorgan Chase & Co. from $92.50 to $82.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 11.52% from the company’s previous close.

Several other research analysts have also weighed in on KBH. Bank of America upped their price target on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. The Goldman Sachs Group increased their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Barclays lowered shares of KB Home from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $99.00 to $85.00 in a research note on Wednesday. Wells Fargo & Company cut KB Home from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $80.00 to $83.00 in a research report on Monday, October 7th. Finally, Royal Bank of Canada downgraded shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 target price for the company. in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $79.92.

KB Home Trading Down 1.0 %

Shares of KBH opened at $73.53 on Friday. KB Home has a 1-year low of $54.94 and a 1-year high of $89.70. The stock has a market capitalization of $5.39 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.59 and a beta of 1.81. The business’s 50-day moving average price is $80.04 and its 200 day moving average price is $78.38.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company posted $1.80 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.44% of the stock is currently owned by corporate insiders.

Institutional Trading of KB Home

A number of hedge funds have recently modified their holdings of KBH. FMR LLC increased its position 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 valued at $463,690,000 after purchasing an additional 1,752,498 shares during the period. Holocene Advisors LP bought a new stake in KB Home in the 3rd quarter valued at $89,899,000. LSV Asset Management lifted its holdings in shares of KB Home by 118.4% during the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock worth $74,138,000 after acquiring an additional 572,800 shares during the period. WINTON GROUP Ltd boosted its position in shares of KB Home by 754.7% during the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock valued at $14,512,000 after acquiring an additional 182,595 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after acquiring an additional 164,010 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.