KB Home (NYSE:KBH) Price Target Lowered to $50.00 at JPMorgan Chase & Co.

KB Home (NYSE:KBH) had its target price decreased by JPMorgan Chase & Co. from $71.00 to $50.00 in a research report report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the construction company’s stock.

Several other research analysts have also recently commented on the company. Evercore ISI set a $65.00 price target on KB Home and gave the company an “in-line” rating in a research report on Tuesday, October 7th. Zacks Research downgraded KB Home from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 23rd. Keefe, Bruyette & Woods decreased their target price on shares of KB Home from $67.00 to $62.00 and set a “market perform” rating for the company in a research note on Tuesday, December 23rd. Wells Fargo & Company lowered their target price on shares of KB Home from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, December 19th. Finally, Barclays cut their price target on shares of KB Home from $71.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $63.82.

KB Home Stock Down 0.6%

Shares of KBH stock opened at $56.96 on Monday. KB Home has a 12-month low of $48.90 and a 12-month high of $72.64. The firm has a fifty day moving average of $61.67 and a 200-day moving average of $60.28. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 2.53 and a beta of 1.40.

KB Home (NYSE:KBH) last released its earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.13. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The company’s revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.52 EPS. On average, equities analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Thursday, November 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, November 13th. KB Home’s dividend payout ratio is presently 20.37%.

Insider Activity at KB Home

In other news, EVP Albert Z. Praw sold 20,284 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $60.08, for a total value of $1,218,662.72. Following the transaction, the executive vice president owned 104,062 shares in the company, valued at $6,252,044.96. The trade was a 16.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.89% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fulcrum Asset Management LLP bought a new stake in shares of KB Home during the third quarter valued at about $36,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in KB Home during the second quarter valued at approximately $44,000. Jones Financial Companies Lllp increased its holdings in KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after acquiring an additional 240 shares during the period. SBI Securities Co. Ltd. lifted its stake in KB Home by 2,848.4% in the 3rd quarter. SBI Securities Co. Ltd. now owns 914 shares of the construction company’s stock worth $58,000 after purchasing an additional 883 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in KB Home in the 2nd quarter worth approximately $59,000. 96.09% of the stock is owned by institutional investors.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.