KB Home (NYSE:KBH) Given a $49.00 Price Target by Barclays Analysts

Barclays set a $49.00 price target on KB Home (NYSE:KBH) in a research report sent to investors on Tuesday, MarketBeat reports. The firm currently has an equal weight rating on the construction company’s stock.

Other analysts have also recently issued reports about the company. UBS Group lowered their target price on KB Home from $86.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday. Seaport Res Ptn raised KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Wall Street Zen cut KB Home from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Royal Bank Of Canada lowered their target price on KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $52.00 target price (down from $53.00) on shares of KB Home in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $66.14.

KB Home Stock Performance

KB Home stock opened at $52.13 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. KB Home has a 12-month low of $48.90 and a 12-month high of $89.70. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 6.90, a P/E/G ratio of 3.94 and a beta of 1.35. The stock has a 50-day simple moving average of $52.95 and a 200 day simple moving average of $59.55.

KB Home (NYSE:KBH) last released its earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.15 EPS. On average, research analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th 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, May 8th. KB Home’s dividend payout ratio (DPR) is presently 13.25%.

Insiders Place Their Bets

In other news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the transaction, the director now owns 10,262 shares of the company’s stock, valued at approximately $558,047.56. This represents a 32.76% 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. Insiders own 3.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KBH. Harbor Capital Advisors Inc. increased its stake in shares of KB Home by 73.7% in the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company’s stock valued at $35,000 after buying an additional 258 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares in the last quarter. Principal Securities Inc. lifted 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 worth $39,000 after purchasing an additional 179 shares in the last quarter. Sachetta LLC lifted its holdings in shares of KB Home by 3,142.9% in the 1st quarter. Sachetta LLC now owns 681 shares of the construction company’s stock worth $40,000 after purchasing an additional 660 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in KB Home during the 1st quarter valued at $40,000. 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.