KB Home (NYSE:KBH) Earns "Sell" Rating from Seaport Research Partners

Key Points

• Seaport Research Partners reiterated a Sell rating on KB Home and cut its target price to $43 (from $65), implying roughly a 16% downside from the prior close.
• Several other analysts have trimmed targets (Barclays, BofA, Wells Fargo, JPMorgan), but the consensus remains a Hold with a $59.50 consensus price target.
• KB Home's latest quarter showed EPS of $0.52 (in line) but revenue of $1.08 billion missed expectations and fell 22.6% year‑over‑year, highlighting near‑term weakness.

KB Home (NYSE:KBH - Get Free Report)'s stock had its "sell" rating reiterated by Seaport Research Partners in a research note issued on Tuesday,Benzinga reports. They currently have a $43.00 target price on the construction company's stock, down from their previous target price of $65.00. Seaport Research Partners' target price indicates a potential downside of 16.06% from the company's previous close.

Several other analysts have also recently issued reports on the company. Barclays dropped their target price on KB Home from $62.00 to $56.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 25th. Bank of America dropped their target price on KB Home from $63.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 25th. Zacks Research cut KB Home from a "hold" rating to a "strong sell" rating in a research report on Tuesday, December 23rd. Wells Fargo & Company dropped their target price on KB Home from $55.00 to $50.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. dropped their target price on KB Home from $71.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $59.50.

KB Home Stock Up 0.7%

Shares of NYSE KBH opened at $51.23 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.19 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 7.82 and a beta of 1.50. The stock's fifty day simple moving average is $58.05 and its two-hundred day simple moving average is $60.14. KB Home has a 12-month low of $48.90 and a 12-month high of $68.71.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The business's revenue for the quarter was down 22.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 EPS. As a group, analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

Institutional Trading of KB Home

Institutional investors have recently made changes to their positions in the business. First Horizon Corp boosted its position in shares of KB Home by 178.9% in the 4th quarter. First Horizon Corp now owns 502 shares of the construction company's stock worth $28,000 after purchasing an additional 322 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of KB Home by 73.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company's stock worth $33,000 after purchasing an additional 250 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of KB Home in the 3rd quarter worth $36,000. Aventura Private Wealth LLC acquired a new stake in shares of KB Home in the 4th quarter worth $46,000. Finally, Rothschild Investment LLC boosted its position in shares of KB Home by 391.0% in the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company's stock worth $46,000 after purchasing an additional 653 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation's largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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