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

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

A number of other equities analysts have also recently issued reports on KBH. 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 report on Tuesday. The Goldman Sachs Group dropped their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Evercore ISI boosted 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. Barclays dropped their target price on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Bank of America reduced 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 report on Tuesday. Three investment 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. Based on data from MarketBeat, KB Home presently has an average rating of “Hold” and an average price target of $71.21.

KB Home Trading Down 2.4 %

KB Home stock opened at $57.79 on Wednesday. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $63.43 and a two-hundred day moving average price of $72.46. KB Home has a 12 month low of $56.41 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last issued 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). 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 for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $1.76 earnings per share. KB Home’s revenue was down 5.2% on a year-over-year basis. As a group, equities analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio is 12.20%.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’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 sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KB Home

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