KB Home (NYSE:KBH) Earns Underweight Rating from Wells Fargo & Company

KB Home (NYSE:KBH - Get Free Report)'s stock had its "underweight" rating restated by research analysts at Wells Fargo & Company in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $52.00 price target on the construction company's stock, down from their previous price target of $53.00. Wells Fargo & Company's target price indicates a potential downside of 1.41% from the company's previous close.

KBH has been the subject of a number of other reports. Wall Street Zen lowered KB Home from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. The Goldman Sachs Group decreased their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods cut their target price on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 26th. Finally, Bank of America reduced their price target on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $66.14.

KB Home Trading Up 1.2%

KBH traded up $0.62 on Tuesday, reaching $52.75. 1,043,964 shares of the company traded hands, compared to its average volume of 1,314,408. The company has a market cap of $3.78 billion, a P/E ratio of 6.97, a price-to-earnings-growth ratio of 3.94 and a beta of 1.35. The company has a quick ratio of 0.56, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. KB Home has a one year low of $48.90 and a one year high of $89.70. The firm has a fifty day simple moving average of $52.95 and a two-hundred day simple moving average of $59.55.

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

Insider Activity at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the transaction, the director now directly owns 10,262 shares of the company's stock, valued at $558,047.56. This represents a 32.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 3.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KB Home

Several institutional investors have recently added to or reduced their stakes in KBH. Militia Capital Partners LP acquired a new position in shares of KB Home during the first quarter valued at about $849,000. Inspire Investing LLC raised its holdings in shares of KB Home by 35.4% in the first quarter. Inspire Investing LLC now owns 43,496 shares of the construction company's stock worth $2,528,000 after buying an additional 11,374 shares during the last quarter. Strs Ohio acquired a new stake in shares of KB Home during the first quarter worth $244,000. SCS Capital Management LLC purchased a new stake in shares of KB Home during the first quarter valued at $350,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of KB Home by 5.2% in 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 acquiring an additional 11,103 shares during the period. Institutional investors and hedge funds 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.