Barclays Has Lowered Expectations for KB Home (NYSE:KBH) Stock Price

KB Home (NYSE:KBH) had its target price dropped by Barclays from $60.00 to $56.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective suggests a potential downside of 5.30% from the stock’s current price.

KBH has been the subject of a number of other reports. 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. JPMorgan Chase & Co. dropped their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Keefe, Bruyette & Woods decreased their target price 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. Raymond James restated an “outperform” rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, UBS Group decreased their price objective on shares of KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday. Three equities research 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, the stock currently has a consensus rating of “Hold” and an average target price of $71.21.

KB Home Trading Up 1.0 %

Shares of KBH stock opened at $59.14 on Tuesday. The business’s fifty day moving average price is $63.81 and its 200 day moving average price is $72.71. The firm has a market capitalization of $4.23 billion, a PE ratio of 6.98, a P/E/G ratio of 0.90 and a beta of 1.89. 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 1-year low of $56.41 and a 1-year high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business earned $1.76 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction dated 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 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 SEC, which is available through this link. Company insiders own 3.89% of the company’s stock.

Institutional Trading of KB Home

Several institutional investors have recently made changes to their positions in KBH. Xponance Inc. raised its position in shares of KB Home by 1.7% in the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock worth $645,000 after buying an additional 163 shares during the period. Principal Securities Inc. grew its position in KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares during the period. Blue Trust Inc. increased its stake in KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after acquiring an additional 194 shares during the last quarter. Amundi raised its holdings in shares of KB Home by 29.6% in 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 period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of KB Home by 0.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 206 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

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.