KB Home (NYSE:KBH) Price Target Cut to $72.00 by Analysts at The Goldman Sachs Group

KB Home (NYSE:KBH) had its price target reduced by The Goldman Sachs Group from $81.00 to $72.00 in a research report sent to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the construction company’s stock.

Other analysts also recently issued research reports about the company. Barclays decreased their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and decreased their target price for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. UBS Group reduced their price objective on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, KB Home presently has a consensus rating of “Hold” and a consensus price target of $75.38.

KB Home Stock Down 0.7 %

Shares of KBH opened at $64.00 on Friday. The business’s 50 day moving average is $64.99 and its 200 day moving average is $74.62. The company has a market capitalization of $4.62 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a 12-month low of $59.00 and a 12-month high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last issued its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company earned $1.85 EPS. Research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio is 11.81%.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.44% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its position in KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after buying an additional 1,752,498 shares in the last quarter. State Street Corp increased its position in KB Home by 1.3% during the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after buying an additional 45,311 shares in the last quarter. Invesco Ltd. increased its position in KB Home by 2.4% during the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company’s stock valued at $157,529,000 after buying an additional 56,142 shares in the last quarter. Fisher Asset Management LLC increased its position in KB Home by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock valued at $149,928,000 after buying an additional 75,143 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in KB Home by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock valued at $166,125,000 after buying an additional 16,593 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

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.