KB Home (NYSE:KBH) Price Target Cut to $86.00 by Analysts at UBS Group

KB Home (NYSE:KBH) had its price target lowered by UBS Group from $97.00 to $86.00 in a research report report published on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

KBH has been the topic of a number of other reports. Bank of America cut their price target on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday. Barclays dropped their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company reduced their price objective on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Raymond James reissued an “outperform” rating and set a $80.00 target price (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods reduced their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research report on Friday, January 17th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, KB Home has a consensus rating of “Hold” and a consensus target price of $71.21.

KB Home Stock Performance

Shares of KBH stock opened at $59.29 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The firm has a market cap of $4.24 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.90 and a beta of 1.89. The firm’s 50 day moving average price is $63.63 and its 200-day moving average price is $72.62. KB Home has a one year low of $56.41 and a one year high of $89.70.

KB Home (NYSE:KBH) last released its quarterly 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 return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company earned $1.76 earnings per share. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities research analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is currently 12.20%.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on 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 owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.89% of the company’s stock.

Institutional Trading of KB Home

Several institutional investors and hedge funds have recently bought and sold shares of KBH. Quest Partners LLC increased its stake in KB Home by 101,600.0% in the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock valued at $87,000 after purchasing an additional 1,016 shares during the period. Pathstone Holdings LLC increased its position in KB Home by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock valued at $1,759,000 after acquiring an additional 263 shares during the period. Charles Schwab Investment Management Inc. raised its stake in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after acquiring an additional 164,010 shares during the last quarter. Citigroup Inc. lifted its position in KB Home by 62.1% during the 3rd quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock worth $9,173,000 after acquiring an additional 40,992 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after purchasing an additional 7,679 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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.