KB Home (NYSE:KBH) Price Target Cut to $63.00 by Analysts at Wells Fargo & Company

KB Home (NYSE:KBH) had its target price reduced by Wells Fargo & Company from $65.00 to $63.00 in a research report released on Monday,Benzinga reports. They currently have an underweight rating on the construction company’s stock.

A number of other brokerages have also recently weighed in on KBH. Bank of America decreased their price objective on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Barclays lowered their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price objective on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Evercore ISI raised their target price on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $75.21.

KB Home Stock Down 0.1 %

Shares of KB Home stock opened at $63.96 on Monday. KB Home has a 1 year low of $59.00 and a 1 year high of $89.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 7.55, a PEG ratio of 0.90 and a beta of 1.89. The firm’s 50-day moving average is $64.96 and its two-hundred day moving average is $74.49.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $1.85 earnings per share. As a group, research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is 11.81%.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. GHE LLC grew its position in KB Home by 6.8% during the 4th quarter. GHE LLC now owns 32,239 shares of the construction company’s stock worth $2,119,000 after purchasing an additional 2,042 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in KB Home during the fourth quarter worth about $9,965,000. Forum Financial Management LP raised its position in KB Home by 19.9% during the fourth quarter. Forum Financial Management LP now owns 3,197 shares of the construction company’s stock valued at $210,000 after acquiring an additional 531 shares in the last quarter. CSS LLC IL lifted its holdings in KB Home by 101.5% in the fourth quarter. CSS LLC IL now owns 8,795 shares of the construction company’s stock valued at $578,000 after acquiring an additional 4,430 shares during the period. Finally, PharVision Advisers LLC purchased a new stake in KB Home in the 4th quarter worth approximately $277,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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.