Barclays Has Lowered Expectations for KB Home (NYSE:KBH) Stock Price

KB Home (NYSE:KBH) had its price objective lowered by investment analysts at Barclays from $60.00 to $56.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective would suggest a potential downside of 3.72% from the company’s current price.

Several other analysts have also issued reports on the company. 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 report on Tuesday. UBS Group cut their price objective on KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday. Raymond James restated an “outperform” rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. The Goldman Sachs Group dropped their price target on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their price objective for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, KB Home has an average rating of “Hold” and an average target price of $72.46.

KB Home Price Performance

Shares of NYSE:KBH opened at $58.17 on Tuesday. The firm’s 50 day moving average price is $64.17 and its 200-day moving average price is $72.95. 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 stock has a market capitalization of $4.16 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a twelve month low of $58.80 and a twelve month high of $89.70.

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

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.89% of the company’s stock.

Hedge Funds Weigh In On KB Home

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

About KB Home

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.