Wells Fargo & Company Cuts KB Home (NYSE:KBH) Price Target to $57.00

KB Home (NYSE:KBH) had its price target cut by Wells Fargo & Company from $63.00 to $57.00 in a report published on Tuesday,Benzinga reports. They currently have an underweight rating on the construction company’s stock.

Several other equities analysts have also recently weighed in on the company. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. The Goldman Sachs Group decreased their price objective on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Evercore ISI increased their price objective on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Barclays lowered their price target on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Bank of America decreased their price target on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $71.21.

KB Home Stock Up 0.3 %

KBH opened at $59.29 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The company has a market capitalization 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 stock’s fifty day moving average is $63.63 and its 200-day moving average is $72.62. KB Home has a one year low of $56.41 and a one year 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 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 company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $1.76 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. On average, equities analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio is currently 12.20%.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s 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 sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.89% of the stock is owned by company insiders.

Institutional Trading of KB Home

Several large investors have recently bought and sold shares of KBH. Jones Financial Companies Lllp increased its holdings in KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after purchasing an additional 214 shares during the period. Principal Securities Inc. raised its position in shares of KB Home by 43.6% during 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 last quarter. Versant Capital Management Inc lifted its stake in shares of KB Home by 275.7% in the fourth 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 period. Amundi boosted its holdings in 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 acquiring an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in KB Home during the 3rd quarter valued at approximately $59,000. 96.09% of the stock is owned by institutional investors and hedge funds.

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.