KB Home (NYSE:KBH) Price Target Lowered to $63.00 at Wells Fargo & Company

KB Home (NYSE:KBH) had its target price cut by equities research analysts at Wells Fargo & Company from $65.00 to $63.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the construction company’s stock. Wells Fargo & Company‘s target price points to a potential downside of 3.02% from the company’s previous close.

A number of other research firms have also weighed in on KBH. Raymond James reaffirmed 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. Bank of America dropped their price target on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Keefe, Bruyette & Woods decreased their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. Evercore ISI boosted their target price on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, January 14th. Finally, Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KB Home has an average rating of “Hold” and a consensus target price of $75.21.

KB Home Trading Up 1.5 %

KBH traded up $0.94 on Monday, hitting $64.96. 88,438 shares of the company were exchanged, compared to its average volume of 1,368,501. 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 firm has a fifty day simple moving average of $64.99 and a two-hundred day simple moving average of $74.62. The stock has a market capitalization of $4.69 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a 12 month low of $59.00 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $1.85 EPS. Sell-side analysts expect that KB Home will post 8.42 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Jeff Kaminski sold 27,500 shares of the 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 sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of KBH. Barclays PLC boosted its position in KB Home by 24.5% during the third quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock valued at $16,816,000 after purchasing an additional 38,638 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after acquiring an additional 164,010 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in KB Home during the third quarter valued at approximately $956,000. Blue Trust Inc. boosted its stake in KB Home by 35.9% in the fourth quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock valued at $113,000 after acquiring an additional 456 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in KB Home by 24.7% in the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock worth $3,320,000 after purchasing an additional 7,679 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

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.