KB Home (NYSE:KBH) Reaches New 1-Year Low – What’s Next?

KB Home (NYSE:KBH) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $54.91 and last traded at $55.13, with a volume of 282749 shares. The stock had previously closed at $58.93.

Analyst Ratings Changes

KBH has been the topic of a number of research analyst reports. Wedbush reiterated a “neutral” rating and issued a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. 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 research report on Tuesday, March 25th. 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. Seaport Res Ptn raised KB Home from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 6th. Finally, Bank of America cut their price target on KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.21.

KB Home Stock Up 3.6 %

The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 6.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The business has a 50 day moving average of $62.45 and a 200 day moving average of $71.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

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

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio is 12.20%.

Insider Activity

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

Institutional Trading of KB Home

A number of large investors have recently bought and sold shares of the stock. Xponance Inc. boosted its stake in shares of KB Home by 1.7% in the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after purchasing an additional 163 shares in the last quarter. Principal Securities Inc. lifted its holdings in KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares during the last quarter. Blue Trust Inc. boosted its position in KB Home by 15.3% in the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock valued at $96,000 after buying an additional 194 shares in the last quarter. Amundi grew its stake in KB Home by 29.6% during the fourth 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of KB Home by 0.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock worth $2,433,000 after buying an additional 206 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

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.