KB Home (NYSE:KBH) Downgraded to Sell Rating by StockNews.com

KB Home (NYSE:KBH) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other research analysts also recently issued reports on KBH. UBS Group dropped their price target on shares of KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday. Bank of America lowered their price objective on KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods cut their target price on KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday. The Goldman Sachs Group decreased their target price on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Barclays dropped their price target on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $71.21.

KB Home Price Performance

Shares of NYSE KBH traded up $0.57 during mid-day trading on Wednesday, reaching $59.14. The company had a trading volume of 1,351,615 shares, compared to its average volume of 1,237,727. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.90 and a beta of 1.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. KB Home has a one year low of $56.41 and a one year high of $89.70. The business’s 50-day simple moving average is $63.81 and its 200 day simple moving average is $72.71.

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

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.89% of the company’s stock.

Hedge Funds Weigh In On KB Home

Hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Principal Securities Inc. lifted its holdings in 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. Versant Capital Management Inc lifted its holdings in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after buying an additional 557 shares during the period. Amundi grew its position in shares of KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after buying an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of KB Home during the third quarter valued at approximately $59,000. Hedge funds and other institutional investors 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.