Shares of KB Home (NYSE:KBH - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $54.91 and last traded at $55.13, with a volume of 282749 shares trading hands. The stock had previously closed at $58.93.
Analysts Set New Price Targets
A number of equities research analysts recently commented on KBH shares. Keefe, Bruyette & Woods dropped their price objective on KB Home from $76.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. cut their price target on shares of KB Home from $82.00 to $74.50 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on shares of KB Home from $63.00 to $57.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 25th. Raymond James reaffirmed an "outperform" rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reduced their price target on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, KB Home presently has a consensus rating of "Hold" and a consensus price target of $71.21.
Check Out Our Latest Stock Analysis on KBH
KB Home Price Performance
The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The company has a fifty day moving average price of $62.15 and a two-hundred day moving average price of $71.13. The company has a market cap of $3.71 billion, a P/E ratio of 6.13, a PEG ratio of 0.90 and a beta of 1.65.
KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. On average, sell-side analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.
KB Home Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, February 6th. KB Home's dividend payout ratio is currently 12.20%.
Insider Transactions at KB Home
In related news, CFO Jeff Kaminski sold 27,500 shares of the firm'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 sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.89% of the stock is owned by company insiders.
Institutional Trading of KB Home
Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of KB Home by 24.9% during the 1st quarter. Rhumbline Advisers now owns 286,278 shares of the construction company's stock worth $16,638,000 after acquiring an additional 56,994 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of KB Home by 9,450.3% in the first quarter. GAMMA Investing LLC now owns 96,363 shares of the construction company's stock valued at $5,601,000 after purchasing an additional 95,354 shares during the last quarter. Boston Common Asset Management LLC raised its position in shares of KB Home by 0.7% in the first quarter. Boston Common Asset Management LLC now owns 188,523 shares of the construction company's stock valued at $10,957,000 after purchasing an additional 1,348 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of KB Home by 7.6% during 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. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in KB Home in the 4th quarter valued at about $11,543,000. Institutional investors own 96.09% of the company's stock.
About KB Home
(
Get Free Report)
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.
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