KB Home (NYSE:KBH) Given Underweight Rating at Wells Fargo & Company

KB Home (NYSE:KBH)‘s stock had its “underweight” rating reiterated by research analysts at Wells Fargo & Company in a report released on Tuesday, Marketbeat Ratings reports. They presently have a $52.00 price target on the construction company’s stock, down from their prior price target of $53.00. Wells Fargo & Company‘s price objective would suggest a potential upside of 0.50% from the stock’s current price.

Several other research analysts also recently issued reports on KBH. Barclays dropped their price objective on shares of KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 25th. Seaport Res Ptn upgraded KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. UBS Group reduced their price objective on KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, March 25th. Bank of America lowered their price objective on KB Home from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $66.77.

KB Home Price Performance

Shares of NYSE:KBH opened at $51.74 on Tuesday. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 3.96 and a beta of 1.35. The business has a 50 day moving average price of $52.94 and a 200 day moving average price of $59.74. 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 twelve month low of $48.90 and a twelve month high of $89.70.

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

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the sale, the director now directly owns 10,262 shares in the company, valued at $558,047.56. This represents a 32.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.89% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On KB Home

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of KB Home during the fourth quarter worth $49,638,000. Two Sigma Advisers LP lifted its position in KB Home by 4,408.6% during the 4th quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company’s stock worth $34,372,000 after buying an additional 511,400 shares in the last quarter. AQR Capital Management LLC grew its holdings in KB Home by 116.1% during the 1st quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company’s stock worth $53,957,000 after acquiring an additional 506,415 shares during the last quarter. First Trust Advisors LP increased its position in KB Home by 61.2% in the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company’s stock valued at $87,264,000 after acquiring an additional 503,895 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of KB Home by 1,136.2% in the fourth quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company’s stock worth $27,822,000 after acquiring an additional 389,097 shares during the last quarter. Institutional investors 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.