KB Home (NYSE:KBH) Price Target Lowered to $63.00 at Royal Bank of Canada

KB Home (NYSE:KBH) had its price target cut by Royal Bank of Canada from $67.00 to $63.00 in a report issued on Tuesday,Benzinga reports. They currently have a sector perform rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the stock. Raymond James reissued an “outperform” rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company reduced their price objective on KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a research report on Tuesday. UBS Group dropped their target price on KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, KB Home presently has an average rating of “Hold” and an average price target of $71.21.

KB Home Stock Performance

KBH stock opened at $59.29 on Tuesday. KB Home has a 1-year low of $56.41 and a 1-year high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The firm has a market cap of $4.24 billion, a PE ratio of 7.00, a P/E/G ratio of 0.90 and a beta of 1.89. The business’s 50-day moving average price is $63.63 and its two-hundred day moving average price is $72.62.

KB Home (NYSE:KBH) last released its quarterly earnings data 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 net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm earned $1.76 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, February 6th. KB Home’s payout ratio is presently 12.20%.

Insider Buying and Selling

In related 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 transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.89% of the stock is owned by corporate insiders.

Institutional Trading of KB Home

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its stake in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after acquiring an additional 214 shares during the period. Principal Securities Inc. lifted its holdings in KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares during the last quarter. Versant Capital Management Inc boosted its position in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the period. Amundi increased its holdings in shares of KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after purchasing an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of KB Home in the third quarter valued at about $59,000. 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.