UBS Group Issues Pessimistic Forecast for KB Home (NYSE:KBH) Stock Price

KB Home (NYSE:KBH - Free Report) had its price target lowered by UBS Group from $97.00 to $86.00 in a report released on Tuesday,Benzinga reports. The firm currently has a buy rating on the construction company's stock.

Several other equities research analysts have also recently issued reports on the stock. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Barclays reduced their price target on shares of KB Home from $85.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Evercore ISI increased their price objective on KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their target price on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group decreased their price target on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $71.21.

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KB Home Price Performance

Shares of KBH stock traded down $1.42 during trading hours on Tuesday, reaching $57.79. The company had a trading volume of 1,201,420 shares, compared to its average volume of 1,270,781. KB Home has a 12-month low of $56.41 and a 12-month high of $89.70. 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 market capitalization of $4.13 billion, a price-to-earnings ratio of 6.82, a PEG ratio of 0.90 and a beta of 1.89. The stock has a fifty day moving average of $63.43 and a 200-day moving average of $72.41.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the company earned $1.76 earnings per share. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

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. This represents a $1.00 annualized dividend and a yield of 1.73%. The ex-dividend date was Thursday, February 6th. KB Home's payout ratio is 12.20%.

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Xponance Inc. raised its stake in KB Home by 1.7% in the fourth quarter. Xponance Inc. now owns 9,815 shares of the construction company's stock valued at $645,000 after buying an additional 163 shares in the last quarter. Principal Securities Inc. increased its holdings 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 acquiring an additional 179 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of KB Home by 15.3% in the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company's stock valued at $96,000 after acquiring an additional 194 shares during the last quarter. Amundi raised its position in shares of KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company's stock worth $58,000 after acquiring an additional 201 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in KB Home by 0.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company's stock worth $2,433,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

About KB Home

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.