KB Home (NYSE:KBH) Stock Rating Lowered 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 research report report published on Saturday.

Several other brokerages have also commented on KBH. Evercore ISI dropped their price target on shares of KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a research report on Tuesday, June 24th. Barclays set a $49.00 price objective on KB Home and gave the stock an "equal weight" rating in a report on Tuesday, June 24th. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Bank of America lowered their price target on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Finally, UBS Group dropped their price target on KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $66.14.

KB Home Trading Up 4.5%

Shares of KBH stock traded up $2.37 during mid-day trading on Friday, hitting $55.34. 2,068,237 shares of the company's stock were exchanged, compared to its average volume of 1,324,760. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 7.33, a PEG ratio of 4.11 and a beta of 1.34. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The stock has a 50-day simple moving average of $53.05 and a two-hundred day simple moving average of $59.02.

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, topping analysts' consensus estimates of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $2.15 EPS. The firm's quarterly revenue was down 10.5% on a year-over-year basis. Equities analysts expect that KB Home will post 8.42 EPS 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's payout ratio is 13.25%.

Insider Buying and Selling

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the firm'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 completion of the transaction, the director directly owned 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.89% of the company's stock.

Hedge Funds Weigh In On KB Home

A number of hedge funds and other institutional investors have recently bought and sold shares of KBH. Harbor Capital Advisors Inc. boosted its position in KB Home by 73.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock valued at $35,000 after purchasing an additional 258 shares during the period. Jones Financial Companies Lllp lifted its stake in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock valued at $36,000 after buying an additional 214 shares during the last quarter. Sachetta LLC boosted its holdings in shares of KB Home by 3,142.9% during the first 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. Banque Cantonale Vaudoise bought a new position in shares of KB Home during the first quarter worth about $40,000. Finally, Byrne Asset Management LLC increased its holdings in shares of KB Home by 51.8% in the 1st quarter. Byrne Asset Management LLC now owns 774 shares of the construction company's stock worth $45,000 after acquiring an additional 264 shares during the period. 96.09% of the stock is currently 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.