KB Home (NYSE:KBH) Price Target Cut to $100.00 by Analysts at UBS Group

KB Home (NYSE:KBH) had its target price reduced by UBS Group from $105.00 to $100.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

KBH has been the topic of several other research reports. JPMorgan Chase & Co. cut their price target on KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Barclays lowered KB Home from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $99.00 to $85.00 in a research note on Wednesday, December 11th. 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 note on Thursday, September 19th. Wells Fargo & Company cut their price target on KB Home from $83.00 to $74.00 and set an “underweight” rating on the stock in a research note on Tuesday, December 17th. Finally, Wedbush increased their target price on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $80.25.

KB Home Stock Performance

Shares of KBH opened at $65.23 on Wednesday. The stock has a fifty day moving average price of $74.72 and a two-hundred day moving average price of $78.07. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 8.36, a PEG ratio of 0.57 and a beta of 1.86.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KBH. FMR LLC grew its holdings 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 worth $463,690,000 after buying an additional 1,752,498 shares in the last quarter. Holocene Advisors LP bought a new position in shares of KB Home during the third quarter worth about $89,899,000. WINTON GROUP Ltd grew its holdings in shares of KB Home by 754.7% during the second quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock worth $14,512,000 after buying an additional 182,595 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of KB Home by 22.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after buying an additional 164,010 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of KB Home by 9.6% during the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after buying an additional 147,326 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

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.