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

KB Home (NYSE:KBH - Get Free Report) had its price target decreased by stock analysts at Evercore ISI from $77.00 to $70.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the construction company's stock. Evercore ISI's price objective would indicate a potential upside of 30.17% from the company's previous close.

A number of other equities research analysts have also recently weighed in on the stock. Barclays cut their price objective on shares of KB Home from $56.00 to $49.00 and set an "equal weight" rating on the stock in a report on Tuesday. Bank of America lowered their price objective on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Tuesday. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Wedbush reaffirmed a "neutral" rating and issued a $75.00 target price on shares of KB Home in a report on Tuesday, March 25th. Finally, Wells Fargo & Company dropped their target price on shares of KB Home from $53.00 to $52.00 and set an "underweight" rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, KB Home has a consensus rating of "Hold" and an average price target of $66.77.

KB Home Trading Up 0.9%

Shares of NYSE:KBH traded up $0.46 during midday trading on Tuesday, hitting $53.78. 1,727,039 shares of the stock traded hands, compared to its average volume of 1,448,608. 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's 50 day moving average is $52.87 and its two-hundred day moving average is $59.84. The stock has a market capitalization of $3.86 billion, a PE ratio of 6.56, a P/E/G ratio of 3.87 and a beta of 1.35. KB Home has a one year low of $48.90 and a one year high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.05. KB Home had a return on equity of 15.52% and a net margin of 9.13%. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the business posted $2.15 EPS. The business's revenue was down 10.5% on a year-over-year basis. As a group, research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

Insider Buying and Selling at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of KB Home stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KB Home

Large investors have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. raised its stake in KB Home by 73.7% in the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock worth $35,000 after buying an additional 258 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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 worth $36,000 after buying an additional 214 shares during the period. Principal Securities Inc. increased its holdings 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 purchasing an additional 179 shares during the period. Sachetta LLC lifted its stake in KB Home by 3,142.9% during the 1st quarter. Sachetta LLC now owns 681 shares of the construction company's stock valued at $40,000 after acquiring an additional 660 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new stake in KB Home during the 1st quarter worth about $40,000. 96.09% of the stock is owned by 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.

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