KB Home (NYSE:KBH) Reaches New 52-Week Low - Time to Sell?

KB Home (NYSE:KBH - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $59.67 and last traded at $59.75, with a volume of 416047 shares trading hands. The stock had previously closed at $61.00.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group reduced their price target on KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Raymond James reissued an "outperform" rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Barclays lowered their price target on KB Home from $85.00 to $60.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Bank of America cut their price objective 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. Finally, JPMorgan Chase & Co. lowered their target price on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $75.38.

KB Home Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The firm's 50-day moving average price is $65.02 and its 200-day moving average price is $74.83.

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

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.56%. The ex-dividend date was Thursday, February 6th. KB Home's dividend payout ratio (DPR) is presently 11.81%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction on Tuesday, January 28th. The shares were 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 directly owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.44% of the stock is owned by company insiders.

Institutional Investors Weigh In On KB Home

Large investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after buying an additional 1,752,498 shares during the last quarter. State Street Corp lifted its stake in shares of KB Home by 1.3% in the third quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock worth $303,285,000 after acquiring an additional 45,311 shares in the last quarter. Invesco Ltd. boosted its holdings in KB Home by 2.4% in the fourth quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company's stock valued at $157,529,000 after purchasing an additional 56,142 shares during the last quarter. Fisher Asset Management LLC grew its stake in KB Home by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after purchasing an additional 75,143 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in KB Home by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company's stock worth $166,125,000 after purchasing an additional 16,593 shares during the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

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.