KB Home (NYSE:KBH) Price Target Cut to $52.00 by Analysts at Wells Fargo & Company

KB Home (NYSE:KBH - Get Free Report) had its price objective lowered by equities researchers at Wells Fargo & Company from $53.00 to $52.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an "underweight" rating on the construction company's stock. Wells Fargo & Company's price objective points to a potential upside of 0.50% from the company's current price.

A number of other research firms have also issued reports on KBH. Barclays dropped 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 report on Tuesday, March 25th. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Bank of America decreased their target price on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday. Wall Street Zen lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Finally, Royal Bank Of Canada cut their price target on KB Home from $67.00 to $63.00 and set a "sector perform" rating for the company in a report on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $66.77.

KB Home Price Performance

Shares of NYSE KBH traded down $1.34 during trading on Tuesday, hitting $51.74. The company had a trading volume of 1,958,222 shares, compared to its average volume of 1,312,725. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a quick ratio of 0.56, a current ratio of 6.01 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $52.91 and a two-hundred day simple moving average of $59.79. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 6.85, a price-to-earnings-growth ratio of 3.98 and a beta of 1.35.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.05. KB Home had a return on equity of 13.97% and a net margin of 8.47%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted $2.15 earnings per share. The business's quarterly revenue was down 10.5% compared to the same quarter last year. On average, research analysts expect that KB Home will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 10,262 shares of the company's stock, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.89% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KBH. SG Americas Securities LLC raised its holdings in shares of KB Home by 11.5% in the 1st quarter. SG Americas Securities LLC now owns 10,252 shares of the construction company's stock valued at $596,000 after buying an additional 1,057 shares during the period. Assenagon Asset Management S.A. grew its position in KB Home by 112.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 59,131 shares of the construction company's stock valued at $3,437,000 after acquiring an additional 31,288 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in KB Home by 73.7% during the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock worth $35,000 after purchasing an additional 258 shares during the period. Northern Trust Corp lifted its position in shares of KB Home by 7.3% during the fourth quarter. Northern Trust Corp now owns 1,101,300 shares of the construction company's stock worth $72,377,000 after purchasing an additional 75,206 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after purchasing an additional 179 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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.