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

KB Home (NYSE:KBHFree Report) had its target price trimmed by UBS Group from $105.00 to $100.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Several other research firms have also commented on KBH. JPMorgan Chase & Co. decreased their price objective on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Wells Fargo & Company cut their target price on shares of KB Home from $83.00 to $74.00 and set an “underweight” rating for the company in a research report on Tuesday, December 17th. Bank of America increased their price target on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Barclays downgraded KB Home from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $99.00 to $85.00 in a research report on Wednesday, December 11th. Finally, Wedbush upped 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, KB Home presently has a consensus rating of “Hold” and a consensus target price of $80.00.

Check Out Our Latest Stock Report on KB Home

KB Home Stock Down 3.3 %

Shares of KBH opened at $63.18 on Wednesday. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The company has a 50-day simple moving average of $74.16 and a 200-day simple moving average of $77.92. The company has a market capitalization of $4.63 billion, a PE ratio of 8.10, a P/E/G ratio of 0.57 and a beta of 1.86.

Insider Buying and Selling

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 transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.44% of the stock is currently owned by company insiders.

Institutional Trading of KB Home

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

About KB Home

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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.

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Analyst Recommendations for KB Home (NYSE:KBH)

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