The Goldman Sachs Group Boosts KB Home (NYSE:KBH) Price Target to $82.00

KB Home (NYSE:KBH) had its target price lifted by investment analysts at The Goldman Sachs Group from $72.00 to $82.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 2.50% from the stock’s current price.

A number of other research firms also recently issued reports on KBH. Zelman & Associates reiterated an “underperform” rating and issued a $69.00 target price on shares of KB Home in a research report on Monday, May 13th. Wedbush increased their target price on shares of KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. Keefe, Bruyette & Woods increased their target price on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Royal Bank of Canada increased their target price on shares of KB Home from $69.00 to $70.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 20th. Finally, Evercore ISI increased their target price on shares of KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $72.88.

KB Home Stock Performance

KB Home stock opened at $80.00 on Tuesday. The company has a 50 day moving average price of $78.12 and a 200 day moving average price of $71.40. KB Home has a 52 week low of $42.11 and a 52 week high of $88.31. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.84 and a beta of 1.80.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.64 billion. Equities analysts forecast that KB Home will post 8.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its stake in KB Home by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock valued at $1,304,000 after buying an additional 162 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in KB Home by 3.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after buying an additional 189 shares during the last quarter. US Bancorp DE grew its position in KB Home by 1.6% in the 1st quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock worth $873,000 after purchasing an additional 191 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in KB Home by 2.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock worth $782,000 after purchasing an additional 231 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in KB Home by 10.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock worth $201,000 after purchasing an additional 293 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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.