KB Home (NYSE:KBH) Downgraded by Evercore ISI to "In-Line"

Key Points

• Evercore ISI downgraded KB Home from "outperform" to "in-line," reducing the target price from $73.00 to $65.00.
• KB Home reported a 7.4% decrease in quarterly revenue year-over-year, despite beating EPS estimates with a reported $1.61.
• The company's average rating among analysts is "Hold," with a consensus target price of $64.82 reflecting a potential upside.

KB Home (NYSE:KBH - Get Free Report) was downgraded by Evercore ISI from an "outperform" rating to an "in-line" rating in a report released on Tuesday, MarketBeat Ratings reports. They presently have a $65.00 target price on the construction company's stock, down from their prior target price of $73.00. Evercore ISI's target price suggests a potential upside of 6.17% from the company's previous close.

A number of other equities analysts also recently commented on KBH. Zacks Research upgraded KB Home from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. Oppenheimer began coverage on KB Home in a report on Wednesday, September 3rd. They issued a "market perform" rating on the stock. Royal Bank Of Canada increased their target price on KB Home from $58.00 to $59.00 and gave the company a "sector perform" rating in a research note on Thursday, September 25th. Bank of America increased their target price on KB Home from $60.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, September 18th. Finally, Raymond James Financial increased their target price on KB Home from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $64.82.

KB Home Stock Performance

NYSE KBH opened at $61.22 on Tuesday. The business's 50-day moving average price is $62.87 and its 200 day moving average price is $57.09. KB Home has a twelve month low of $48.90 and a twelve month high of $85.92. The company has a market capitalization of $4.17 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 5.26 and a beta of 1.40. The company has a current ratio of 2.13, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings data on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.50 by $0.11. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.59 billion. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.04 EPS. On average, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Robert V. Mcgibney sold 14,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the sale, the chief operating officer owned 78,345 shares of the company's stock, valued at approximately $4,193,024.40. This trade represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.89% of the stock is currently owned by corporate insiders.

Institutional Trading of KB Home

Several hedge funds have recently made changes to their positions in KBH. Yousif Capital Management LLC lifted its position in shares of KB Home by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company's stock worth $1,353,000 after purchasing an additional 209 shares during the last quarter. CWM LLC increased its stake in KB Home by 11.8% during the first quarter. CWM LLC now owns 2,007 shares of the construction company's stock valued at $117,000 after acquiring an additional 212 shares during the period. DekaBank Deutsche Girozentrale increased its stake in KB Home by 1.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 12,854 shares of the construction company's stock valued at $729,000 after acquiring an additional 221 shares during the period. Manchester Capital Management LLC increased its stake in KB Home by 30.1% during the first quarter. Manchester Capital Management LLC now owns 955 shares of the construction company's stock valued at $56,000 after acquiring an additional 221 shares during the period. Finally, Securian Asset Management Inc. increased its stake in KB Home by 4.6% during the second quarter. Securian Asset Management Inc. now owns 5,462 shares of the construction company's stock valued at $289,000 after acquiring an additional 238 shares during the period. 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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