Keefe, Bruyette & Woods Issues Pessimistic Forecast for KB Home (NYSE:KBH) Stock Price

KB Home (NYSE:KBH) had its price target reduced by investment analysts at Keefe, Bruyette & Woods from $76.00 to $65.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the construction company’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 9.63% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. cut their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. 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. Wells Fargo & Company decreased their target price on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a report on Tuesday. Evercore ISI increased their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, Raymond James restated an “outperform” rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, KB Home presently has an average rating of “Hold” and an average price target of $71.21.

KB Home Stock Performance

Shares of KB Home stock opened at $59.29 on Wednesday. The business has a fifty day simple moving average of $63.63 and a two-hundred day simple moving average of $72.62. The firm has a market capitalization of $4.24 billion, a P/E ratio of 7.00, a P/E/G ratio of 0.90 and a beta of 1.89. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. KB Home has a 12 month low of $56.41 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last released its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). The business had revenue of $1.39 billion for 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 for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 earnings per share. On average, equities analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.89% of the company’s stock.

Institutional Investors Weigh In On KB Home

A number of large investors have recently made changes to their positions in KBH. Jones Financial Companies Lllp lifted its stake in shares of KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after purchasing an additional 214 shares during the period. Principal Securities Inc. raised its position in KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after acquiring an additional 179 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of KB Home during the 3rd quarter worth $59,000. Versant Capital Management Inc boosted its stake in shares of KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares during the last quarter. Finally, Amundi grew its position in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after acquiring an additional 201 shares during the period. 96.09% of the stock is currently owned by 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.