KB Home (NYSE:KBH) Price Target Cut to $54.00 by Analysts at Truist Financial

KB Home (NYSE:KBHGet Free Report) had its price objective lowered by research analysts at Truist Financial from $65.00 to $54.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the construction company’s stock. Truist Financial’s price objective would indicate a potential upside of 7.96% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. Bank of America reduced their target price on shares of KB Home from $63.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on KB Home from $71.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, December 29th. Wells Fargo & Company decreased their price objective on KB Home from $55.00 to $50.00 and set an “underweight” rating on the stock in a research report on Wednesday. Royal Bank Of Canada dropped their target price on KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a report on Wednesday. Finally, Barclays decreased their price target on KB Home from $62.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, KB Home currently has a consensus rating of “Hold” and an average price target of $61.00.

Check Out Our Latest Report on KBH

KB Home Price Performance

KBH stock traded down $2.92 during trading on Wednesday, reaching $50.02. The company’s stock had a trading volume of 848,955 shares, compared to its average volume of 1,134,590. The company’s fifty day moving average is $59.74 and its 200-day moving average is $61.07. KB Home has a 1 year low of $48.90 and a 1 year high of $68.71. The company has a market capitalization of $3.16 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 7.07 and a beta of 1.47. The company has a quick ratio of 0.53, a current ratio of 5.77 and a debt-to-equity ratio of 0.43.

KB Home (NYSE:KBHGet Free Report) last released its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The business’s revenue was down 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.49 EPS. On average, research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KB Home

Several institutional investors have recently bought and sold shares of the company. Freestone Grove Partners LP purchased a new stake in KB Home in the 3rd quarter valued at about $111,050,000. Norges Bank acquired a new stake in shares of KB Home during the second quarter valued at about $55,329,000. Deprince Race & Zollo Inc. purchased a new stake in shares of KB Home in the 3rd quarter valued at approximately $59,301,000. Donald Smith & CO. Inc. lifted its holdings in shares of KB Home by 387.8% in the 4th quarter. Donald Smith & CO. Inc. now owns 725,394 shares of the construction company’s stock worth $40,919,000 after acquiring an additional 576,694 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of KB Home by 102.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 932,178 shares of the construction company’s stock worth $52,584,000 after purchasing an additional 471,598 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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About KB Home

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KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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