StockNews.com Downgrades KB Home (NYSE:KBH) to Sell

KB Home (NYSE:KBH) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

A number of other research analysts have also issued reports on KBH. Keefe, Bruyette & Woods decreased their target price on KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday. Evercore ISI lifted their price objective on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group cut their target price 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 note on Thursday, March 6th. Finally, UBS Group lowered their price target on shares of KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KB Home presently has a consensus rating of “Hold” and an average target price of $71.21.

KB Home Stock Up 0.3 %

Shares of KBH opened at $59.29 on Wednesday. The stock has a market capitalization of $4.24 billion, a PE ratio of 7.00, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 1 year low of $56.41 and a 1 year high of $89.70. 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 company’s 50-day simple moving average is $63.63 and its 200-day simple moving average is $72.62.

KB Home (NYSE:KBH) last announced its quarterly earnings data 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). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. Analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were 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 $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.89% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in shares of KB Home by 7.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,125 shares of the construction company’s stock worth $1,520,000 after buying an additional 1,631 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new stake in KB Home during the 4th quarter valued at approximately $11,543,000. GHE LLC lifted its position in KB Home by 6.8% during the 4th quarter. GHE LLC now owns 32,239 shares of the construction company’s stock worth $2,119,000 after acquiring an additional 2,042 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of KB Home in the 4th quarter valued at approximately $9,965,000. Finally, Forum Financial Management LP increased its holdings in shares of KB Home by 19.9% in the fourth quarter. Forum Financial Management LP now owns 3,197 shares of the construction company’s stock valued at $210,000 after purchasing an additional 531 shares during the period. 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.