UBS Group Issues Pessimistic Forecast for KB Home (NYSE:KBH) Stock Price

KB Home (NYSE:KBH) had its price target decreased by stock analysts at UBS Group from $97.00 to $86.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the construction company’s stock. UBS Group’s price objective indicates a potential upside of 45.43% from the company’s previous close.

Several other brokerages also recently issued reports on KBH. Evercore ISI boosted their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced 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 research note on Friday, January 17th. Barclays decreased their target price on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Wells Fargo & Company cut their price target on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, KB Home has an average rating of “Hold” and a consensus target price of $71.21.

KB Home Price Performance

KBH opened at $59.14 on Tuesday. 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 company’s 50-day moving average price is $63.81 and its 200 day moving average price is $72.71. KB Home has a fifty-two week low of $56.41 and a fifty-two week high of $89.70. The firm 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.

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

Insider Activity at KB Home

In related 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 sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KBH. Jones Financial Companies Lllp grew its holdings in shares of KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Principal Securities Inc. boosted its position in shares of 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 period. Versant Capital Management Inc increased its stake in KB Home by 275.7% in 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 in the last quarter. Amundi increased its stake in 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 in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in KB Home during the 3rd quarter worth about $59,000. Institutional investors 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.