UBS Group Cuts KB Home (NYSE:KBH) Price Target to $86.00

KB Home (NYSE:KBH) had its price objective decreased by UBS Group from $97.00 to $86.00 in a research note published on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the construction company’s stock.

A number of other research firms have also recently commented on KBH. JPMorgan Chase & Co. cut their price objective on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group cut their price target 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. Wells Fargo & Company decreased their price objective on shares of KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Bank of America cut their target price on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, KB Home has an average rating of “Hold” and a consensus price target of $71.21.

KB Home Stock Performance

Shares of NYSE KBH opened at $59.29 on Tuesday. The company has a market capitalization of $4.24 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. 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’s fifty day moving average price is $63.63 and its 200 day moving average price is $72.62. KB Home has a 1 year low of $56.41 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last posted 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). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company earned $1.76 earnings per share. The company’s revenue was down 5.2% compared to the same quarter last year. On average, research analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

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

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.89% of the company’s stock.

Institutional Trading of KB Home

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC boosted its position in shares of KB Home by 24.5% during the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock valued at $16,816,000 after acquiring an additional 38,638 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after buying an additional 164,010 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of KB Home during the 3rd quarter worth approximately $956,000. Blue Trust Inc. raised its position in shares of KB Home by 35.9% during the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock valued at $113,000 after buying an additional 456 shares during the period. Finally, Cerity Partners LLC lifted 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 valued at $3,320,000 after acquiring an additional 7,679 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other 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.