KB Home (NYSE:KBH) Sets New 1-Year Low - What's Next?

KB Home (NYSE:KBH - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The stock traded as low as $58.95 and last traded at $59.14, with a volume of 311805 shares changing hands. The stock had previously closed at $61.27.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KBH. Raymond James reaffirmed an "outperform" rating and issued a $80.00 target price (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. The Goldman Sachs Group decreased their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Keefe, Bruyette & Woods cut their price target on shares of KB Home from $85.00 to $76.00 and set a "market perform" rating on the stock in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective 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. Finally, Seaport Res Ptn upgraded KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $72.46.

KB Home Trading Down 3.4 %

The firm has a market capitalization of $4.27 billion, a P/E ratio of 7.04, a PEG ratio of 0.90 and a beta of 1.89. The business's 50 day moving average is $64.17 and its two-hundred day moving average is $72.95. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

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KB Home (NYSE:KBH - Get Free Report) last released its quarterly 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 company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 earnings per share. Analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.67%. KB Home's dividend payout ratio is currently 11.81%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KBH. Xponance Inc. boosted its position in KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock worth $645,000 after acquiring an additional 163 shares during the period. Principal Securities Inc. lifted its stake in shares of KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock valued at $39,000 after purchasing an additional 179 shares during the last quarter. Blue Trust Inc. boosted its holdings in KB Home by 15.3% in 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 raised its holdings in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company's stock valued at $58,000 after buying an additional 201 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 acquiring an additional 206 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.