Bank of America Has Lowered Expectations for KB Home (NYSE:KBH) Stock Price

KB Home (NYSE:KBHGet Free Report) had its target price cut by Bank of America from $58.00 to $54.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. Bank of America‘s target price would suggest a potential upside of 4.37% from the company’s previous close.

A number of other research analysts also recently weighed in on KBH. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th. Barclays lowered their price target on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 25th. Wells Fargo & Company cut their price objective on KB Home from $55.00 to $53.00 and set an “underweight” rating for the company in a report on Tuesday, June 3rd. Wedbush reissued a “neutral” rating and issued a $75.00 target price on shares of KB Home in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group dropped their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, KB Home currently has an average rating of “Hold” and a consensus target price of $66.77.

Get Our Latest Stock Analysis on KBH

KB Home Trading Down 2.5%

Shares of NYSE KBH opened at $51.74 on Tuesday. The firm’s 50 day moving average price is $52.94 and its 200-day moving average price is $59.74. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.56 and a current ratio of 5.83. The company has a market cap of $3.71 billion, a PE ratio of 6.85, a P/E/G ratio of 3.96 and a beta of 1.35.

KB Home (NYSE:KBHGet Free Report) last posted its earnings results on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.05. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 EPS. On average, equities research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

Insiders Place Their Bets

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the business’s 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 sale, the director now directly owns 10,262 shares of the company’s stock, valued at $558,047.56. The trade was a 32.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.89% of the company’s stock.

Institutional Trading of KB Home

Several institutional investors and hedge funds have recently modified their holdings of KBH. Harbor Capital Advisors Inc. boosted its holdings 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 purchasing an additional 258 shares during the period. Jones Financial Companies Lllp raised its position in KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after purchasing 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 buying an additional 179 shares during the period. Sachetta LLC grew its position in shares of KB Home by 3,142.9% during the 1st quarter. Sachetta LLC now owns 681 shares of the construction company’s stock worth $40,000 after buying an additional 660 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of KB Home during the 1st quarter worth $40,000. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

(Get Free Report)

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.

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