KB Home (NYSE:KBH) Given New $58.00 Price Target at Keefe, Bruyette & Woods

KB Home (NYSE:KBH) had its target price cut by Keefe, Bruyette & Woods from $65.00 to $58.00 in a report released on Thursday,Benzinga reports. They currently have a market perform rating on the construction company’s stock.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company reaffirmed an “underweight” rating and set a $52.00 price target (down from $53.00) on shares of KB Home in a research note on Tuesday. Barclays set a $49.00 price objective on shares of KB Home and gave the company an “equal weight” rating in a research report on Tuesday. The Goldman Sachs Group reduced their target price on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Wedbush reissued a “neutral” rating and issued a $75.00 target price on shares of KB Home in a research report on Tuesday, March 25th. Finally, Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, KB Home has a consensus rating of “Hold” and a consensus price target of $66.14.

KB Home Stock Up 0.7%

KBH stock opened at $52.13 on Thursday. The company has a 50 day moving average of $52.95 and a two-hundred day moving average of $59.55. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 3.94 and a beta of 1.35. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. 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 (NYSE:KBH) last posted its quarterly 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. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 8.47% and a return on equity of 14.02%. KB Home’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 earnings per share. On average, equities analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.00 annualized dividend and a yield of 1.92%. KB Home’s dividend payout ratio (DPR) is presently 13.25%.

Insiders Place Their Bets

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of KB Home stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $54.38, for a total value 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. The trade was a 32.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.89% of the company’s stock.

Institutional Investors Weigh In On KB Home

Several hedge funds and other institutional investors have recently modified their holdings of the stock. 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 increased its stake in KB Home by 35.4% during the first quarter. Inspire Investing LLC now owns 43,496 shares of the construction company’s stock valued at $2,528,000 after acquiring an additional 11,374 shares during the period. Strs Ohio bought a new position in KB Home during the first quarter valued at about $244,000. SCS Capital Management LLC acquired a new position in KB Home in the 1st quarter valued at approximately $350,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 in the last quarter. 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.