KB Home (NYSE:KBH) Price Target Lowered to $100.00 at UBS Group

KB Home (NYSE:KBH) had its price target reduced by UBS Group from $105.00 to $100.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price objective suggests a potential upside of 57.88% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on KBH. Bank of America upped their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Wedbush boosted their target price on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Barclays downgraded shares of KB Home from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $99.00 to $85.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their price target on KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Finally, Wells Fargo & Company cut their price objective 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. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, KB Home has a consensus rating of “Hold” and a consensus price target of $80.25.

KB Home Trading Down 1.8 %

NYSE KBH traded down $1.13 on Wednesday, hitting $63.34. 20,895 shares of the company’s stock were exchanged, compared to its average volume of 756,349. The stock has a 50-day moving average of $74.99 and a 200-day moving average of $78.16. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 0.57 and a beta of 1.86. KB Home has a 52 week low of $58.05 and a 52 week high of $89.70.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Monday, October 14th. The stock was 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 directly owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.44% of the company’s stock.

Institutional Investors Weigh In On KB Home

Large investors have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new position in KB Home in the 3rd quarter worth about $32,000. Riggs Asset Managment Co. Inc. purchased a new position in shares of KB Home during the 3rd quarter valued at $43,000. Versant Capital Management Inc raised its position in shares of KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after buying an additional 557 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in KB Home during the third quarter worth about $59,000. Finally, Banque Cantonale Vaudoise bought a new position in KB Home in the 3rd quarter worth about $61,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

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.