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 Tuesday . The company traded as low as $44.03 and last traded at $44.7890, with a volume of 48035 shares. The stock had previously closed at $45.64.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KBH shares. UBS Group dropped their target price on KB Home from $71.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. The Goldman Sachs Group reduced their price target on KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Seaport Research Partners reissued a “sell” rating and issued a $43.00 price target (down from $65.00) on shares of KB Home in a report on Tuesday, April 7th. Wall Street Zen cut KB Home from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Finally, Royal Bank Of Canada reduced their price target on KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, KB Home has an average rating of “Hold” and a consensus target price of $59.17.

KB Home Trading Up 4.5%

The company has a 50 day moving average price of $51.54 and a 200 day moving average price of $57.71. The firm has a market cap of $2.95 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 7.95 and a beta of 1.42.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The company’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 EPS. As a group, equities research analysts anticipate that KB Home will post 3.1 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. KB Home’s payout ratio is 25.38%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Xponance Inc. raised its position in shares of KB Home by 1.6% during the 3rd quarter. Xponance Inc. now owns 10,198 shares of the construction company’s stock worth $649,000 after purchasing an additional 163 shares during the last quarter. Vista Investment Management raised its position in shares of KB Home by 3.5% during the 4th quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock worth $289,000 after purchasing an additional 175 shares during the last quarter. GHE LLC raised its position in shares of KB Home by 0.7% during the 3rd quarter. GHE LLC now owns 30,983 shares of the construction company’s stock worth $1,972,000 after purchasing an additional 212 shares during the last quarter. Bessemer Group Inc. raised its position in shares of KB Home by 80.0% during the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after purchasing an additional 220 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in KB Home by 44.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock valued at $49,000 after acquiring an additional 240 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

About KB Home

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.