KB Home (NYSE:KBH) Given New $56.00 Price Target at Barclays

KB Home (NYSE:KBH) had its price target cut by Barclays from $60.00 to $56.00 in a research report report published on Tuesday,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.

Other analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods dropped their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and dropped their price objective for the company from $70.00 to $67.00 in a research note on Friday, January 10th. The Goldman Sachs Group decreased their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. UBS Group dropped their target price on KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company reduced their price target on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $72.13.

KB Home Stock Down 5.2 %

KBH stock opened at $58.56 on Tuesday. KB Home has a one year low of $56.41 and a one year high of $89.70. The firm has a market cap of $4.18 billion, a PE ratio of 6.91, a PEG ratio of 0.90 and a beta of 1.89. The firm’s 50 day moving average price is $63.99 and its 200-day moving average price is $72.81. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business earned $1.76 EPS. On average, equities research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.71%. KB Home’s dividend payout ratio is currently 11.81%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KBH. Jones Financial Companies Lllp boosted its holdings in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after acquiring an additional 214 shares during the period. Principal Securities Inc. raised its position in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in KB Home in the 3rd quarter valued at $59,000. Versant Capital Management Inc boosted its stake in KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the period. Finally, Amundi grew its position in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds 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.