KB Home (NYSE:KBH) Price Target Cut to $55.00 by Analysts at Wells Fargo & Company

KB Home (NYSE:KBH - Get Free Report) had its price target lowered by equities research analysts at Wells Fargo & Company from $57.00 to $55.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "underweight" rating on the construction company's stock. Wells Fargo & Company's price objective suggests a potential upside of 6.61% from the stock's current price.

A number of other equities research analysts have also commented on KBH. Royal Bank of Canada lowered their price target on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a research report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price target on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. The Goldman Sachs Group cut their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Finally, Bank of America cut their price target on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $71.04.

KB Home Stock Up 2.9 %

NYSE KBH traded up $1.44 on Monday, hitting $51.59. 1,795,630 shares of the company were exchanged, compared to its average volume of 1,319,305. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The company has a market cap of $3.70 billion, a PE ratio of 6.09, a PEG ratio of 0.90 and a beta of 1.65. The stock has a fifty day moving average of $58.97 and a 200-day moving average of $68.85.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly 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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.76 EPS. As a group, analysts forecast that KB Home will post 8.42 earnings per share for the current year.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.89% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of KB Home by 24.5% during the third quarter. Barclays PLC now owns 196,229 shares of the construction company's stock worth $16,816,000 after purchasing an additional 38,638 shares during the period. Blue Trust Inc. lifted its position in shares of KB Home by 35.9% in the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company's stock worth $113,000 after purchasing an additional 456 shares during the period. RBA Wealth Management LLC raised its position in shares of KB Home by 2.0% in the 4th quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company's stock worth $4,119,000 after acquiring an additional 1,244 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of KB Home in the 4th quarter valued at approximately $44,118,000. Finally, SG Americas Securities LLC boosted its position in shares of KB Home by 109.3% during the fourth quarter. SG Americas Securities LLC now owns 9,195 shares of the construction company's stock valued at $604,000 after purchasing an additional 4,801 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

About KB Home

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.