KB Home (NYSE:KBH) Price Target Lowered to $63.00 at UBS Group

KB Home (NYSE:KBHFree Report) had its price target lowered by UBS Group from $71.00 to $63.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

Other analysts have also recently issued research reports about the company. Bank of America reduced their price objective on KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday. Citizens Jmp began coverage on KB Home in a research report on Tuesday. They issued an “outperform” rating and a $77.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of KB Home in a research note on Thursday, January 22nd. Raymond James Financial lowered shares of KB Home from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 24th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of KB Home from $67.00 to $62.00 and set a “market perform” rating on the stock in a research note on Tuesday, December 23rd. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.50.

View Our Latest Report on KB Home

KB Home Trading Down 1.4%

NYSE:KBH opened at $52.18 on Wednesday. The company has a current ratio of 5.77, a quick ratio of 0.53 and a debt-to-equity ratio of 0.43. KB Home has a 12 month low of $48.90 and a 12 month high of $68.71. The company has a market cap of $3.30 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 7.04 and a beta of 1.47. The company has a 50 day simple moving average of $59.55 and a two-hundred day simple moving average of $61.00.

KB Home (NYSE:KBHGet Free Report) last released its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.01). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. KB Home had a net margin of 5.96% and a return on equity of 9.59%. KB Home’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 earnings per share. Research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Thursday, February 5th. KB Home’s payout ratio is presently 20.37%.

Institutional Trading of KB Home

Institutional investors have recently made changes to their positions in the business. Freestone Grove Partners LP purchased a new stake in KB Home during the 3rd quarter valued at approximately $111,050,000. Norges Bank purchased a new position in shares of KB Home in the second quarter worth $55,329,000. Deprince Race & Zollo Inc. purchased a new position in shares of KB Home in the third quarter worth $59,301,000. Donald Smith & CO. Inc. boosted its position in shares of KB Home by 387.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 725,394 shares of the construction company’s stock worth $40,919,000 after acquiring an additional 576,694 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of KB Home by 102.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 932,178 shares of the construction company’s stock worth $52,584,000 after acquiring an additional 471,598 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home News Summary

Here are the key news stories impacting KB Home this week:

KB Home Company Profile

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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.

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