KB Home (NYSE:KBH) Price Target Cut to $53.00 by Analysts at Wells Fargo & Company

KB Home (NYSE:KBH - Free Report) had its target price trimmed by Wells Fargo & Company from $55.00 to $53.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an underweight rating on the construction company's stock.

Other analysts have also issued reports about the company. Bank of America lowered their target price on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. UBS Group lowered their target price on KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research note on Tuesday, March 25th. Royal Bank of Canada decreased their price objective on KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research note on Tuesday, March 25th. Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. 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 given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $71.05.

KB Home Stock Performance

Shares of KBH traded down $1.42 during mid-day trading on Tuesday, hitting $51.53. The stock had a trading volume of 1,449,015 shares, compared to its average volume of 1,303,502. The firm has a market cap of $3.70 billion, a P/E ratio of 6.08, a PEG ratio of 0.90 and a beta of 1.35. The business has a fifty day moving average price of $53.17 and a 200-day moving average price of $62.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.76 earnings per share. On average, equities research analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.94%. The ex-dividend date was Thursday, May 8th. KB Home's payout ratio is 12.20%.

Insiders Place Their Bets

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the transaction, the director now directly owns 10,262 shares in the company, valued at $558,047.56. This represents a 32.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.89% of the company's stock.

Hedge Funds Weigh In On KB Home

A number of institutional investors have recently added to or reduced their stakes in KBH. Harbor Capital Advisors Inc. increased its stake in 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 acquiring an additional 258 shares during the last quarter. Jones Financial Companies Lllp increased its stake 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 acquiring an additional 214 shares during the last quarter. Principal Securities Inc. increased its stake in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after acquiring an additional 179 shares during the last quarter. Sachetta LLC increased its position in shares of KB Home by 3,142.9% during the 1st quarter. Sachetta LLC now owns 681 shares of the construction company's stock valued at $40,000 after purchasing an additional 660 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of KB Home during the 1st quarter valued at about $40,000. 96.09% of the stock is currently owned by institutional investors.

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.