KB Home (NYSE:KBH) Given “Neutral” Rating at Wedbush

KB Home (NYSE:KBH)‘s stock had its “neutral” rating reiterated by investment analysts at Wedbush in a note issued to investors on Tuesday,Benzinga reports. They currently have a $75.00 price objective on the construction company’s stock. Wedbush’s target price indicates a potential upside of 25.97% from the stock’s previous close.

A number of other analysts have also commented on KBH. Bank of America cut their price target on KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a report on Tuesday. UBS Group dropped their target price on KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and reduced their price target for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. The Goldman Sachs Group lowered their price objective on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Wells Fargo & Company cut 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 report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, KB Home has a consensus rating of “Hold” and an average target price of $72.46.

KB Home Stock Down 3.6 %

Shares of NYSE:KBH traded down $2.25 during trading on Tuesday, hitting $59.54. 2,040,944 shares of the company’s stock traded hands, compared to its average volume of 1,220,036. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $64.17 and a 200-day moving average price of $72.95. KB Home has a 52 week low of $58.80 and a 52 week high of $89.70. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business posted $1.76 earnings per share. The business’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, research analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other KB Home 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 value of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.89% of the company’s stock.

Hedge Funds Weigh In On KB Home

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in 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 period. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of KB Home in the fourth quarter valued at about $11,543,000. GHE LLC increased its position in KB Home by 6.8% during the fourth quarter. GHE LLC now owns 32,239 shares of the construction company’s stock worth $2,119,000 after acquiring an additional 2,042 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in KB Home during the fourth quarter worth about $9,965,000. Finally, Forum Financial Management LP raised its stake in KB Home by 19.9% in the 4th quarter. Forum Financial Management LP now owns 3,197 shares of the construction company’s stock worth $210,000 after purchasing an additional 531 shares in the last quarter. Institutional investors and hedge funds 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.