Keefe, Bruyette & Woods Lowers KB Home (NYSE:KBH) Price Target to $65.00

KB Home (NYSE:KBH - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $76.00 to $65.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a market perform rating on the construction company's stock.

A number of other equities analysts have also recently issued reports on KBH. Bank of America dropped their target price on KB Home from $67.00 to $62.00 and set a "neutral" rating for the company in a report on Tuesday, March 25th. Barclays reduced their target price on 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 lifted their price target on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday, January 14th. Wells Fargo & Company dropped their target price on shares of KB Home from $63.00 to $57.00 and set an "underweight" rating for the company in a research note on Tuesday, March 25th. Finally, Raymond James restated an "outperform" rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KB Home currently has a consensus rating of "Hold" and an average price target of $71.21.

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KB Home Stock Down 2.4 %

Shares of NYSE:KBH traded down $1.42 during trading on Wednesday, reaching $57.79. 1,201,420 shares of the company traded hands, compared to its average volume of 1,270,781. The firm has a market cap of $4.13 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. KB Home has a 1-year low of $56.41 and a 1-year high of $89.70. The firm has a fifty day simple moving average of $63.43 and a 200 day simple moving average of $72.41.

KB Home (NYSE:KBH - Get Free Report) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 previous year, the company earned $1.76 EPS. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

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

Insider Activity

In other 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 value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.89% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KBH. Wealth Enhancement Advisory Services LLC increased its holdings in shares of KB Home by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,125 shares of the construction company's stock worth $1,520,000 after buying an additional 1,631 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of KB Home in the fourth quarter worth about $11,543,000. GHE LLC lifted its position in KB Home by 6.8% in the fourth quarter. GHE LLC now owns 32,239 shares of the construction company's stock valued at $2,119,000 after purchasing an additional 2,042 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of KB Home in the fourth quarter worth approximately $9,965,000. Finally, Forum Financial Management LP increased its stake in shares of KB Home by 19.9% in the fourth quarter. Forum Financial Management LP now owns 3,197 shares of the construction company's stock worth $210,000 after buying an additional 531 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.