KB Home (NYSE:KBH) Hits New 12-Month Low - What's Next?

KB Home (NYSE:KBH - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $51.48 and last traded at $51.96, with a volume of 1603655 shares. The stock had previously closed at $54.65.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KBH shares. Evercore ISI lifted their price objective 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 reduced their target price on KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a report on Monday. Raymond James reaffirmed an "outperform" rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. StockNews.com cut shares of KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Finally, Barclays reduced their price objective on KB Home from $60.00 to $56.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, KB Home has a consensus rating of "Hold" and an average target price of $71.04.

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KB Home Stock Performance

The company's fifty day moving average price is $60.36 and its two-hundred day moving average price is $69.82. The firm has a market capitalization of $3.65 billion, a PE ratio of 6.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. 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 quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.76 EPS. As a group, equities analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Thursday, February 6th. KB Home's dividend payout ratio is currently 12.20%.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction on 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 transaction, the chief financial officer now owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.89% of the company's stock.

Institutional Trading of KB Home

Several large investors have recently bought and sold shares of KBH. MML Investors Services LLC acquired a new position in KB Home in the 3rd quarter worth $464,000. Barclays PLC raised its holdings in KB Home by 24.5% in the third quarter. Barclays PLC now owns 196,229 shares of the construction company's stock valued at $16,816,000 after acquiring an additional 38,638 shares in the last quarter. M&T Bank Corp raised its holdings in KB Home by 28.1% in the third quarter. M&T Bank Corp now owns 8,586 shares of the construction company's stock valued at $736,000 after acquiring an additional 1,886 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $166,125,000 after acquiring an additional 16,593 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in KB Home during the 3rd quarter worth $208,000. 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.