KB Home (NYSE:KBH) Given “Sell” Rating at Seaport Research Partners

Seaport Research Partners reissued their sell rating on shares of KB Home (NYSE:KBH) in a research note published on Tuesday morning, MarketBeat.com reports. Seaport Research Partners currently has a $43.00 price target on the construction company’s stock, down from their prior price target of $65.00.

Other research analysts have also recently issued reports about the company. Barclays cut their price objective on KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, March 25th. Bank of America cut their price objective on KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Wells Fargo & Company cut their price objective on KB Home from $55.00 to $50.00 and set an “underweight” rating for the company in a report on Wednesday, March 25th. The Goldman Sachs Group cut their price objective on KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Finally, Royal Bank Of Canada cut their price objective on KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $59.50.

KB Home Stock Down 5.6%

Shares of NYSE KBH opened at $48.47 on Tuesday. The stock has a market cap of $3.02 billion, a PE ratio of 12.30, a PEG ratio of 7.82 and a beta of 1.50. The business has a fifty day moving average of $57.86 and a two-hundred day moving average of $60.03. KB Home has a 52-week low of $48.17 and a 52-week high of $68.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.20 and a current ratio of 2.20.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The business’s revenue was down 22.6% on a year-over-year basis. During the same period last year, the business earned $1.49 earnings per share. As a group, equities research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, February 5th. KB Home’s payout ratio is currently 25.38%.

Institutional Trading of KB Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Corp raised its holdings in KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after purchasing an additional 322 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after purchasing an additional 250 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in KB Home during the 3rd quarter worth about $36,000. Aventura Private Wealth LLC bought a new stake in KB Home during the 4th quarter worth about $46,000. Finally, Rothschild Investment LLC raised its holdings in KB Home by 391.0% during the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock worth $46,000 after purchasing an additional 653 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

About KB Home

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.