KB Home (NYSE:KBH) Price Target Cut to $86.00 by Analysts at UBS Group

KB Home (NYSE:KBH) had its target price reduced by UBS Group from $97.00 to $86.00 in a research report report published on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

KBH has been the topic of a number of other reports. Wells Fargo & Company dropped their target price on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and reduced their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Keefe, Bruyette & Woods cut their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Finally, Bank of America cut their price target on KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.13.

KB Home Stock Performance

KBH stock opened at $58.56 on Tuesday. The business has a 50 day moving average of $63.99 and a 200-day moving average of $72.81. The firm has a market cap of $4.18 billion, a PE ratio of 6.91, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 12-month low of $56.41 and a 12-month high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. As a group, sell-side analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio is 11.81%.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of KB Home by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,125 shares of the construction company’s stock worth $1,520,000 after purchasing an additional 1,631 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in KB Home in the fourth quarter worth approximately $11,543,000. GHE LLC grew its position in KB Home by 6.8% during the fourth quarter. GHE LLC now owns 32,239 shares of the construction company’s stock valued at $2,119,000 after acquiring an additional 2,042 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of KB Home during the fourth quarter worth approximately $9,965,000. Finally, Forum Financial Management LP lifted its holdings in shares of KB Home by 19.9% in the 4th quarter. Forum Financial Management LP now owns 3,197 shares of the construction company’s stock worth $210,000 after acquiring an additional 531 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

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.