KB Home (NYSE:KBH) Rating Lowered to Sell at StockNews.com

KB Home (NYSE:KBH - Get Free Report) was downgraded by research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday.

KBH has been the topic of several other reports. Wells Fargo & Company dropped their price objective on KB Home from $63.00 to $57.00 and set an "underweight" rating on the stock in a report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price target on shares of KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday. Barclays cut their price target on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Evercore ISI boosted their target price on shares of KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada reduced their price target on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $71.21.

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KB Home Stock Down 2.4 %

Shares of KBH traded down $1.42 during mid-day trading on Wednesday, reaching $57.79. 1,201,420 shares of the stock traded hands, compared to its average volume of 1,270,781. The stock has a fifty day simple moving average of $63.43 and a 200 day simple moving average of $72.41. KB Home has a 12-month low of $56.41 and a 12-month high of $89.70. 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 firm has a market cap of $4.13 billion, a price-to-earnings ratio of 6.82, a P/E/G ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly 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). The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business's quarterly revenue was down 5.2% on a year-over-year basis. During the same period last year, the firm earned $1.76 EPS. Sell-side analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

Insider Activity at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KB Home

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Xponance Inc. increased its stake in KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after buying an additional 163 shares during the period. Principal Securities Inc. increased its stake 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 valued at $39,000 after acquiring an additional 179 shares during the period. Blue Trust Inc. raised its holdings in KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock worth $96,000 after purchasing an additional 194 shares in the last quarter. Amundi boosted its stake in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after purchasing an additional 201 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of KB Home by 0.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock valued at $2,433,000 after purchasing an additional 206 shares during the period. 96.09% of the stock is currently owned by 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.