KB Home (NYSE:KBH) Price Target Lowered to $65.00 at Keefe, Bruyette & Woods

KB Home (NYSE:KBH) had its price objective reduced by Keefe, Bruyette & Woods from $76.00 to $65.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a market perform rating on the construction company’s stock.

Other analysts have also recently issued reports about the company. Barclays decreased their price objective on KB Home from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday. Raymond James reaffirmed an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. The Goldman Sachs Group dropped their price objective on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.21.

KB Home Stock Up 1.0 %

KBH stock opened at $59.14 on Wednesday. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The company has a fifty day moving average price of $63.81 and a 200 day moving average price of $72.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 12 month low of $56.41 and a 12 month high of $89.70.

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

KB Home Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.69%. KB Home’s dividend payout ratio is presently 11.81%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.89% of the stock is owned by company insiders.

Institutional Investors Weigh In On KB Home

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its position 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 in the last quarter. Principal Securities Inc. raised its stake 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. Versant Capital Management Inc lifted its holdings in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after purchasing an additional 557 shares in the last quarter. Amundi boosted its stake in shares of 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. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of KB Home during the third quarter worth about $59,000. 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.