KB Home (NYSE:KBH) Price Target Lowered to $70.00 at Evercore ISI

KB Home (NYSE:KBH - Free Report) had its target price reduced by Evercore ISI from $77.00 to $70.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the construction company's stock.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada lowered their target price on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. The Goldman Sachs Group lowered their price objective on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Keefe, Bruyette & Woods cut their target price on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 26th. Barclays set a $49.00 target price on KB Home and gave the company an "equal weight" rating in a report on Tuesday. Finally, Wall Street Zen lowered KB Home from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KB Home currently has a consensus rating of "Hold" and an average price target of $66.14.

KB Home Trading Up 1.3%

Shares of KB Home stock traded up $0.68 during trading hours on Tuesday, reaching $52.81. 1,072,061 shares of the company's stock were exchanged, compared to its average volume of 1,314,500. The company has a fifty day moving average of $52.95 and a 200-day moving average of $59.55. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 3.94 and a beta of 1.35. The company has a current ratio of 5.83, a quick ratio of 0.56 and a debt-to-equity ratio of 0.47.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.45 by $0.05. The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The firm's revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.15 EPS. Sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Thursday, May 8th. KB Home's dividend payout ratio is presently 13.25%.

Insider Transactions at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the business's 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 approximately $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.89% of the company's stock.

Institutional Investors Weigh In On KB Home

A number of large investors have recently added to or reduced their stakes in KBH. Jones Financial Companies Lllp lifted its holdings in 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 buying an additional 214 shares in the last quarter. Principal Securities Inc. raised its position in shares of KB Home by 43.6% during the 4th 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. Harbor Capital Advisors Inc. lifted its position in shares of 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. Sachetta LLC lifted its holdings in shares of KB Home by 3,142.9% in the 1st quarter. Sachetta LLC now owns 681 shares of the construction company's stock worth $40,000 after purchasing an additional 660 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in KB Home during the 1st quarter valued at approximately $40,000. 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.