KB Home (NYSE:KBH) Price Target Cut to $56.00 by Analysts at Barclays

KB Home (NYSE:KBH - Free Report) had its target price trimmed by Barclays from $60.00 to $56.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm currently has an equal weight rating on the construction company's stock.

Several other equities analysts have also issued reports on the stock. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 6th. Evercore ISI lifted their price objective on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Royal Bank of Canada raised KB Home from an "underperform" rating to a "sector perform" rating and cut their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. lowered their price target 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. Finally, UBS Group cut their price objective on shares of KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, seven 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 an average target price of $71.21.

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KB Home Stock Down 2.4 %

Shares of NYSE KBH traded down $1.42 during mid-day trading on Tuesday, hitting $57.79. 1,201,420 shares of the stock traded hands, compared to its average volume of 1,270,781. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 0.90 and a beta of 1.89. The stock has a fifty day moving average price of $63.43 and a 200-day moving average price of $72.41. KB Home has a 52 week low of $56.41 and a 52 week high of $89.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business's quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. Research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's dividend payout ratio is currently 12.20%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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