KB Home (NYSE:KBH) Rating Lowered to “Sell” at Wall Street Zen

KB Home (NYSE:KBHGet Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other equities analysts have also commented on the company. Citizens Jmp assumed coverage on KB Home in a research report on Tuesday, March 24th. They set an “outperform” rating and a $77.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on KB Home from $71.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, December 29th. Keefe, Bruyette & Woods reduced their price objective on KB Home from $67.00 to $62.00 and set a “market perform” rating on the stock in a research report on Tuesday, December 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of KB Home in a research report on Thursday, January 22nd. Finally, Barclays reduced their price objective on KB Home from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, KB Home currently has an average rating of “Hold” and an average target price of $59.50.

Check Out Our Latest Report on KB Home

KB Home Trading Up 0.1%

Shares of KB Home stock opened at $51.63 on Friday. The firm has a market capitalization of $3.23 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 8.65 and a beta of 1.50. The business’s 50-day moving average price is $57.50 and its 200-day moving average price is $59.80. KB Home has a 12 month low of $48.17 and a 12 month high of $68.71.

KB Home (NYSE:KBHGet Free Report) last announced its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The company’s revenue was down 22.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 EPS. As a group, analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On KB Home

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC grew its position in KB Home by 953.9% during the 4th quarter. Hsbc Holdings PLC now owns 33,776 shares of the construction company’s stock worth $1,920,000 after acquiring an additional 30,571 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in KB Home by 15.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,275 shares of the construction company’s stock worth $128,000 after acquiring an additional 304 shares during the last quarter. Corient Private Wealth LLC grew its position in KB Home by 7.2% during the 4th quarter. Corient Private Wealth LLC now owns 23,485 shares of the construction company’s stock worth $1,325,000 after acquiring an additional 1,575 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in KB Home by 376,300.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,764 shares of the construction company’s stock worth $212,000 after acquiring an additional 3,763 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in KB Home by 3.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 66,753 shares of the construction company’s stock worth $3,766,000 after acquiring an additional 2,347 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home News Summary

Here are the key news stories impacting KB Home this week:

KB Home Company Profile

(Get Free Report)

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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