Keefe, Bruyette & Woods Issues Pessimistic Forecast for KB Home (NYSE:KBH) Stock Price

KB Home (NYSE:KBH - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $65.00 to $58.00 in a report issued on Thursday morning,Benzinga reports. They currently have a market perform rating on the construction company's stock.

A number of other equities analysts also recently weighed in on the company. Wells Fargo & Company restated an "underweight" rating and issued a $52.00 target price (down previously from $53.00) on shares of KB Home in a research note on Tuesday. 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. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Royal Bank Of Canada lowered their price target on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a report on Tuesday, March 25th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Two 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. According to data from MarketBeat.com, KB Home has a consensus rating of "Hold" and an average price target of $66.14.

KB Home Stock Performance

Shares of NYSE KBH traded up $0.38 during midday trading on Thursday, reaching $52.13. The company's stock had a trading volume of 1,689,509 shares, compared to its average volume of 1,314,731. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The firm has a 50 day moving average price of $52.94 and a 200-day moving average price of $59.74. The stock has a market capitalization of $3.74 billion, a P/E ratio of 6.90, a PEG ratio of 3.94 and a beta of 1.35. 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 announced its earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.05. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $2.15 EPS. The company's revenue was down 10.5% compared to the same quarter last year. As a group, equities analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. KB Home's payout ratio is 13.25%.

Insider Buying and Selling at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $54.38, for a total transaction of $271,900.00. Following the sale, the director now owns 10,262 shares of the company's stock, valued at $558,047.56. The trade was a 32.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.89% of the company's stock.

Institutional Investors Weigh In On KB Home

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Militia Capital Partners LP bought a new stake in KB Home during the 1st quarter valued at $849,000. Inspire Investing LLC grew its position in shares of KB Home by 35.4% during the 1st quarter. Inspire Investing LLC now owns 43,496 shares of the construction company's stock valued at $2,528,000 after purchasing an additional 11,374 shares in the last quarter. Strs Ohio purchased a new position in shares of KB Home during the 1st quarter valued at $244,000. SCS Capital Management LLC purchased a new position in shares of KB Home during the 1st quarter valued at $350,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of KB Home by 5.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company's stock valued at $13,108,000 after purchasing an additional 11,103 shares in the last quarter. Institutional investors own 96.09% of the company's stock.

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.