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

KB Home (NYSE:KBH)‘s stock had its “outperform” rating reiterated by investment analysts at Raymond James in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $80.00 target price on the construction company’s stock, down from their prior target price of $93.00. Raymond James’ price objective would suggest a potential upside of 17.12% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price target on KB Home from $74.00 to $65.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. UBS Group cut their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays lowered their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, KB Home presently has an average rating of “Hold” and an average target price of $76.63.

KB Home Price Performance

Shares of NYSE:KBH traded up $0.42 during trading hours on Tuesday, hitting $68.31. The company’s stock had a trading volume of 280,297 shares, compared to its average volume of 1,774,746. The firm’s fifty day moving average price is $72.50 and its 200 day moving average price is $78.03. KB Home has a 52 week low of $58.05 and a 52 week high of $89.70. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 8.06, a P/E/G ratio of 0.91 and a beta of 1.86.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $1.85 EPS. On average, equities research analysts predict that KB Home will post 8.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KB Home

Several institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC increased its position in shares of KB Home by 4.1% during the fourth quarter. Inspire Investing LLC now owns 32,122 shares of the construction company’s stock worth $2,111,000 after purchasing an additional 1,268 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of KB Home by 4.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 21,791 shares of the construction company’s stock valued at $1,432,000 after acquiring an additional 859 shares during the period. SG Americas Securities LLC raised its holdings in shares of KB Home by 109.3% in the fourth quarter. SG Americas Securities LLC now owns 9,195 shares of the construction company’s stock valued at $604,000 after buying an additional 4,801 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of KB Home by 15.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 699,668 shares of the construction company’s stock worth $45,982,000 after buying an additional 93,277 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in shares of KB Home during the fourth quarter worth $44,118,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

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.