KB Home (NYSE:KBH) Price Target Lowered to $80.00 at UBS Group

KB Home (NYSE:KBH - Free Report) had its target price decreased by UBS Group from $86.00 to $80.00 in a report published on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the construction company's stock.

Several other equities research analysts have also weighed in on KBH. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $52.00 target price (down previously from $53.00) on shares of KB Home in a report on Tuesday. Royal Bank Of Canada reduced 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 research report on Tuesday, March 25th. The Goldman Sachs Group dropped their price objective on shares of KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Barclays cut their target price on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, March 25th. Finally, Bank of America decreased their price target on KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, KB Home has an average rating of "Hold" and a consensus target price of $66.14.

KB Home Price Performance

Shares of KBH stock traded up $0.62 during trading hours on Tuesday, hitting $52.75. The company had a trading volume of 1,043,964 shares, compared to its average volume of 1,314,408. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.56 and a current ratio of 5.83. The firm's fifty day moving average is $52.95 and its 200 day moving average is $59.55. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 3.94 and a beta of 1.35.

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

KB Home Dividend Announcement

The company also recently disclosed 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. This represents a $1.00 annualized dividend and a yield of 1.90%. The ex-dividend date was Thursday, May 8th. KB Home's dividend payout ratio is 13.25%.

Insider Buying and Selling at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction on Friday, May 16th. The stock was 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 owns 10,262 shares in the company, valued at $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.89% of the company's stock.

Hedge Funds Weigh In On KB Home

Several hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of KB Home in the 4th quarter valued at about $49,638,000. Two Sigma Advisers LP lifted its holdings 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 buying an additional 511,400 shares during the period. AQR Capital Management LLC boosted its stake in KB Home by 116.1% in the first quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company's stock valued at $53,957,000 after acquiring an additional 506,415 shares during the last quarter. First Trust Advisors LP grew its holdings in 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 acquiring an additional 503,895 shares during the period. Finally, Two Sigma Investments LP raised 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 valued at $27,822,000 after acquiring an additional 389,097 shares during the last quarter. 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.