KB Home (NYSE:KBH) Reaches New 1-Year Low - Here's Why

KB Home (NYSE:KBH - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $59.89 and last traded at $61.05, with a volume of 170662 shares changing hands. The stock had previously closed at $61.26.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research report on Tuesday, January 14th. Raymond James reiterated an "outperform" rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Seaport Res Ptn upgraded shares of KB Home from a "strong sell" rating to a "hold" rating in a research report on Tuesday, January 14th. Wells Fargo & Company lowered their price objective on shares of KB Home from $70.00 to $65.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 28th. Finally, UBS Group lowered their price objective on shares of KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $76.21.

KB Home Stock Down 1.8 %

The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 0.90 and a beta of 1.86. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $65.48 and a 200-day moving average price of $75.46.

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KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. The business 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 business's revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.85 EPS. On average, equities analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's dividend payout ratio (DPR) is presently 11.81%.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business's stock in a transaction dated Tuesday, January 28th. The shares were 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 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its stake in KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after purchasing an additional 38,638 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock valued at $77,655,000 after purchasing an additional 164,010 shares during the last quarter. Neo Ivy Capital Management acquired a new position in KB Home in the 3rd quarter valued at about $956,000. Blue Trust Inc. raised its stake in KB Home by 35.9% in the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company's stock valued at $113,000 after purchasing an additional 456 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company's stock valued at $3,320,000 after buying an additional 7,679 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

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.