KB Home (NYSE:KBH) Given New $56.00 Price Target at Barclays

KB Home (NYSE:KBH) had its target price reduced by research analysts at Barclays from $60.00 to $56.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Barclays‘s price objective would suggest a potential downside of 3.72% from the stock’s previous close.

KBH has been the subject of several other research reports. UBS Group decreased their target price on KB Home from $97.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday. The Goldman Sachs Group lowered their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Bank of America reduced their target price on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday. Evercore ISI lifted their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Finally, Seaport Res Ptn raised shares of KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.46.

KB Home Stock Performance

NYSE:KBH opened at $58.17 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $64.17 and its 200 day simple moving average is $72.95. The stock has a market cap of $4.16 billion, a P/E ratio of 6.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. KB Home has a twelve month low of $58.80 and a twelve month high of $89.70.

KB Home (NYSE:KBH) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share 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 company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $1.76 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, research analysts predict that KB Home will post 8.42 EPS for the current year.

Insider Buying and Selling at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value 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. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.89% of the company’s stock.

Institutional Investors Weigh In On KB Home

Several large investors have recently bought and sold shares of the business. Quest Partners LLC boosted its holdings in shares of KB Home by 101,600.0% during the 3rd quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock valued at $87,000 after acquiring an additional 1,016 shares during the last quarter. Pathstone Holdings LLC lifted its position in KB Home by 1.3% during the third quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock valued at $1,759,000 after purchasing an additional 263 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after purchasing an additional 164,010 shares during the last quarter. Citigroup Inc. grew its position in KB Home by 62.1% in the 3rd quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock worth $9,173,000 after purchasing an additional 40,992 shares during the period. Finally, Cerity Partners LLC raised its stake in KB Home by 24.7% during the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after buying an additional 7,679 shares during 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.