KB Home (NYSE:KBH) Price Target Raised to $70.50 at JPMorgan Chase & Co.

KB Home (NYSE:KBH) had its target price upped by stock analysts at JPMorgan Chase & Co. from $68.50 to $70.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 0.49% from the company’s previous close.

A number of other analysts have also recently weighed in on KBH. Deutsche Bank Aktiengesellschaft cut shares of KB Home from a “hold” rating to a “sell” rating and dropped their target price for the stock from $55.00 to $46.00 in a report on Friday, December 8th. UBS Group increased their target price on shares of KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Wedbush increased their target price on shares of KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Royal Bank of Canada increased their target price on shares of KB Home from $63.00 to $69.00 and gave the stock a “sector perform” rating in a report on Thursday, March 21st. Finally, Evercore ISI dropped their target price on shares of KB Home from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $66.11.

KB Home Trading Up 1.9 %

Shares of KBH opened at $70.85 on Wednesday. The stock has a market cap of $5.36 billion, a P/E ratio of 9.64, a PEG ratio of 0.79 and a beta of 1.73. KB Home has a 12-month low of $38.26 and a 12-month high of $72.00. The company has a 50-day moving average of $64.31 and a two-hundred day moving average of $56.56.

KB Home (NYSE:KBH) last released its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. KB Home’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts forecast that KB Home will post 7.79 EPS for the current fiscal year.

Insider Transactions at KB Home

In other KB Home news, CAO William R. Hollinger sold 45,471 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.47, for a total transaction of $2,749,631.37. Following the sale, the chief accounting officer now owns 109,981 shares of the company’s stock, valued at approximately $6,650,551.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO William R. Hollinger sold 45,471 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $60.47, for a total value of $2,749,631.37. Following the sale, the chief accounting officer now directly owns 109,981 shares in the company, valued at approximately $6,650,551.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeff Kaminski sold 4,928 shares of the stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $59.86, for a total transaction of $294,990.08. Following the completion of the sale, the chief financial officer now owns 38,386 shares in the company, valued at $2,297,785.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 373,635 shares of company stock valued at $22,400,005. 4.44% of the stock is owned by insiders.

Institutional Trading of KB Home

Large investors have recently bought and sold shares of the business. Citigroup Inc. grew its stake in shares of KB Home by 20.9% during the 1st quarter. Citigroup Inc. now owns 109,019 shares of the construction company’s stock worth $3,530,000 after acquiring an additional 18,818 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of KB Home by 35.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $69,000 after acquiring an additional 568 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of KB Home by 39.7% in the first quarter. MetLife Investment Management LLC now owns 96,105 shares of the construction company’s stock valued at $3,112,000 after buying an additional 27,327 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of KB Home by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,411 shares of the construction company’s stock valued at $1,017,000 after buying an additional 2,995 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of KB Home by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 47,231 shares of the construction company’s stock valued at $1,571,000 after buying an additional 3,140 shares in the last quarter. 96.09% of the stock is 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.