KB Home (NYSE:KBH) Lowered to Sell Rating by StockNews.com

StockNews.com cut shares of KB Home (NYSE:KBH) from a hold rating to a sell rating in a report released on Wednesday morning.

A number of other brokerages have also weighed in on KBH. Evercore ISI lifted their price objective on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 14th. Barclays cut their price target on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday. Raymond James reissued an “outperform” rating and set a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $71.21.

KB Home Trading Up 1.0 %

NYSE:KBH opened at $59.14 on Wednesday. The firm has a market capitalization of $4.23 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.90 and a beta of 1.89. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average of $63.81 and a 200 day moving average of $72.71. KB Home has a 52 week low of $56.41 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last released 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 firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 EPS. On average, research analysts predict 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 20th. Shareholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KB Home

A number of institutional investors have recently made changes to their positions in KBH. FMR LLC increased its holdings in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after buying an additional 1,752,498 shares in the last quarter. State Street Corp boosted its holdings in shares of KB Home by 1.3% during the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after acquiring an additional 45,311 shares during the last quarter. Invesco Ltd. grew its stake in shares of KB Home by 2.4% in the fourth quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company’s stock worth $157,529,000 after acquiring an additional 56,142 shares during the period. Fisher Asset Management LLC raised its holdings in shares of KB Home by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock valued at $149,928,000 after purchasing an additional 75,143 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in KB Home by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock worth $166,125,000 after purchasing an additional 16,593 shares during the period. Hedge funds and other institutional investors 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.