Barclays Cuts KB Home (NYSE:KBH) Price Target to $49.00

KB Home (NYSE:KBH - Get Free Report) had its price objective decreased by stock analysts at Barclays from $56.00 to $49.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "equal weight" rating on the construction company's stock. Barclays's price objective indicates a potential downside of 8.90% from the company's current price.

KBH has been the topic of several other reports. Wall Street Zen downgraded KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. UBS Group dropped their price target on KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday. Wedbush reissued a "neutral" rating and issued a $75.00 price objective on shares of KB Home in a report on Tuesday, March 25th. Seaport Res Ptn raised KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Finally, Bank of America cut their price target on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $69.05.

KB Home Stock Up 0.9%

Shares of KBH traded up $0.47 during mid-day trading on Tuesday, hitting $53.79. 1,517,952 shares of the company traded hands, compared to its average volume of 1,302,714. The company has a market capitalization of $3.86 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 3.87 and a beta of 1.35. The company has a quick ratio of 0.56, a current ratio of 6.01 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $52.87 and a 200 day moving average of $59.84. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.05. KB Home had a net margin of 9.13% and a return on equity of 15.52%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $2.15 EPS. KB Home's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research analysts anticipate that KB Home will post 8.42 EPS for the current year.

Insider Buying and Selling

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the transaction, the director now directly owns 10,262 shares of the company's stock, valued at $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.89% of the stock is currently owned by insiders.

Institutional Trading of KB Home

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. boosted its holdings in KB Home by 73.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock worth $35,000 after buying an additional 258 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Principal Securities Inc. lifted its position in shares of KB Home by 43.6% in 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 in the last quarter. Sachetta LLC boosted its stake in shares of KB Home by 3,142.9% in the first quarter. Sachetta LLC now owns 681 shares of the construction company's stock worth $40,000 after acquiring an additional 660 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in KB Home in the 1st quarter valued at $40,000. Hedge funds and other 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.

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