KB Home (NYSE:KBH) PT Set at $49.00 by Barclays

KB Home (NYSE:KBH) has been given a $49.00 target price by Barclays in a report issued on Tuesday, Marketbeat.com reports. The brokerage presently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective indicates a potential downside of 5.30% from the stock’s previous close.

A number of other analysts also recently issued reports on KBH. Keefe, Bruyette & Woods reduced their price target on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, March 26th. Wells Fargo & Company reduced their target price on shares of KB Home from $53.00 to $52.00 and set an “underweight” rating on the stock in a report on Tuesday. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Bank of America cut their price target on shares of KB Home from $58.00 to $54.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, UBS Group cut their target price on KB Home from $86.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $66.77.

KB Home Price Performance

NYSE KBH opened at $51.74 on Tuesday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 6.85, a PEG ratio of 3.96 and a beta of 1.35. KB Home has a 1-year low of $48.90 and a 1-year high of $89.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.56. The business’s fifty day moving average price is $52.94 and its 200-day moving average price is $59.74.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%. KB Home’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.15 earnings per share. On average, equities 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 firm’s 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 transaction, the director now owns 10,262 shares in the company, valued at $558,047.56. This trade represents a 32.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.89% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its stake in shares of KB Home by 11.5% in the first quarter. SG Americas Securities LLC now owns 10,252 shares of the construction company’s stock valued at $596,000 after buying an additional 1,057 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of KB Home by 112.4% in the first quarter. Assenagon Asset Management S.A. now owns 59,131 shares of the construction company’s stock valued at $3,437,000 after buying an additional 31,288 shares in the last quarter. Harbor Capital Advisors Inc. boosted 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 in the last quarter. Northern Trust Corp boosted its stake in shares of KB Home by 7.3% in the fourth quarter. Northern Trust Corp now owns 1,101,300 shares of the construction company’s stock valued at $72,377,000 after buying an additional 75,206 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after buying an additional 179 shares in 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.