KB Home (NYSE:KBH) Price Target Lowered to $54.00 at Bank of America

KB Home (NYSE:KBH - Free Report) had its price objective reduced by Bank of America from $58.00 to $54.00 in a research report released on Tuesday morning,Benzinga reports. Bank of America currently has a neutral rating on the construction company's stock.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Wells Fargo & Company decreased their target price on KB Home from $55.00 to $53.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 3rd. Wedbush reissued a "neutral" rating and issued a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Barclays reduced their price objective on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 25th. Finally, UBS Group dropped their target price on shares of KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Two equities 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 stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $66.14.

KB Home Stock Performance

KBH stock traded up $0.39 during trading on Tuesday, hitting $52.52. 912,556 shares of the company traded hands, compared to its average volume of 1,313,503. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70. The company has a market cap of $3.77 billion, a PE ratio of 6.95, a P/E/G ratio of 3.94 and a beta of 1.35. The stock's 50-day simple moving average is $52.95 and its 200 day simple moving average is $59.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.56.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.05. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the previous year, the business posted $2.15 EPS. The business's revenue was down 10.5% compared to the same quarter last year. On average, equities analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Thursday, May 8th. KB Home's dividend payout ratio (DPR) is 13.25%.

Insider Activity

In related news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 10,262 shares in the company, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.89% of the company's stock.

Institutional Trading of KB Home

Hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in KB Home in the fourth quarter worth approximately $49,638,000. Two Sigma Advisers LP raised its position in KB Home by 4,408.6% in the fourth quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company's stock valued at $34,372,000 after purchasing an additional 511,400 shares during the period. AQR Capital Management LLC lifted its stake in shares of KB Home by 116.1% in the 1st quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company's stock valued at $53,957,000 after purchasing an additional 506,415 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of KB Home by 61.2% during the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock worth $87,264,000 after purchasing an additional 503,895 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of KB Home by 1,136.2% during the 4th quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company's stock worth $27,822,000 after purchasing an additional 389,097 shares during the last quarter. Hedge funds and other 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.