KB Home (NYSE:KBH) Stock Rating Lowered by Seaport Research Partners

KB Home (NYSE:KBH) was downgraded by investment analysts at Seaport Research Partners from a “strong-buy” rating to a “strong sell” rating in a report released on Monday, Marketbeat.com reports. They presently have a $43.00 price target on the construction company’s stock. Seaport Research Partners’ target price would suggest a potential downside of 11.28% from the stock’s current price.

Several other equities analysts have also commented on KBH. Truist Financial lowered their price objective on shares of KB Home from $65.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, March 25th. The Goldman Sachs Group lowered their price objective on shares of KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. Wells Fargo & Company lowered their price objective on shares of KB Home from $55.00 to $50.00 and set an “underweight” rating for the company in a research report on Wednesday, March 25th. Citizens Jmp initiated coverage on shares of KB Home in a research report on Tuesday, March 24th. They set an “outperform” rating and a $77.00 price objective for the company. Finally, Zacks Research lowered shares of KB Home from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 23rd. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.50.

KB Home Price Performance

Shares of NYSE:KBH opened at $48.47 on Monday. KB Home has a fifty-two week low of $48.17 and a fifty-two week high of $68.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.20 and a current ratio of 2.20. The firm has a fifty day moving average price of $57.86 and a 200 day moving average price of $60.03. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 7.82 and a beta of 1.50.

KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $1.49 earnings per share. KB Home’s quarterly revenue was down 22.6% compared to the same quarter last year. As a group, sell-side analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KB Home

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC lifted its holdings in shares of KB Home by 204.8% in the 3rd quarter. SG Americas Securities LLC now owns 69,078 shares of the construction company’s stock worth $4,396,000 after acquiring an additional 46,415 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of KB Home in the 3rd quarter worth about $1,551,000. Deprince Race & Zollo Inc. bought a new stake in shares of KB Home in the 3rd quarter worth about $59,301,000. iSAM Funds UK Ltd bought a new stake in shares of KB Home in the 3rd quarter worth about $1,451,000. Finally, Strs Ohio lifted its holdings in shares of KB Home by 1,788.1% in the 3rd quarter. Strs Ohio now owns 79,300 shares of the construction company’s stock worth $5,047,000 after acquiring an additional 75,100 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.