KB Home (NYSE:KBH) Lowered to "Sell" Rating by Wall Street Zen

Wall Street Zen lowered shares of KB Home (NYSE:KBH - Free Report) from a hold rating to a sell rating in a report published on Saturday morning.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods cut their target price on KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Thursday. Wells Fargo & Company restated an "underweight" rating and set a $52.00 price target (down previously from $53.00) on shares of KB Home in a research note on Tuesday. UBS Group dropped their target price on KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday. Royal Bank Of Canada lowered their price objective on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. Finally, Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $66.14.

KB Home Stock Up 1.3%

Shares of KB Home stock traded up $0.70 during trading on Friday, hitting $52.83. 2,936,497 shares of the stock traded hands, compared to its average volume of 1,322,409. The firm has a market cap of $3.79 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 3.97 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 has a 52-week low of $48.90 and a 52-week high of $89.70. The stock's fifty day simple moving average is $52.98 and its 200 day simple moving average is $59.38.

KB Home (NYSE:KBH - Get Free Report) last announced 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 firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The business's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 earnings per share. On average, equities analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

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

Insider Activity at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction on Friday, May 16th. The stock was 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 approximately $558,047.56. This represents a 32.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KBH. Xponance Inc. increased its position in shares of KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock worth $645,000 after purchasing an additional 163 shares during the last quarter. Amundi increased its position in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after purchasing an additional 201 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of KB Home by 0.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock worth $2,433,000 after purchasing an additional 206 shares during the last quarter. CWM LLC increased its position in shares of KB Home by 11.8% during the 1st quarter. CWM LLC now owns 2,007 shares of the construction company's stock worth $117,000 after purchasing an additional 212 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in KB Home by 65.6% during the 4th 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 period. 96.09% of the stock is owned by institutional investors and hedge funds.

About KB Home

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.