Barclays Lowers KB Home (NYSE:KBH) Price Target to $41.00

KB Home (NYSE:KBHGet Rating) had its target price reduced by Barclays from $43.00 to $41.00 in a report published on Thursday morning, The Fly reports. They currently have an overweight rating on the construction company’s stock.

Other equities analysts also recently issued research reports about the company. Bank of America downgraded KB Home from a buy rating to a neutral rating and set a $34.00 price objective on the stock. in a research report on Thursday, August 25th. KeyCorp upgraded KB Home from an underweight rating to a sector weight rating in a research report on Monday. Wedbush reduced their target price on KB Home from $60.00 to $44.00 and set an outperform rating on the stock in a research report on Monday. Wells Fargo & Company reduced their target price on KB Home from $40.00 to $31.00 and set an overweight rating on the stock in a research report on Friday, June 17th. Finally, UBS Group reduced their target price on KB Home from $66.00 to $45.00 and set a buy rating on the stock in a research report on Thursday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $39.00.

KB Home Stock Performance

Shares of KB Home stock opened at $26.60 on Thursday. KB Home has a one year low of $24.78 and a one year high of $50.20. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 3.64, a PEG ratio of 0.38 and a beta of 1.64. The business’s 50 day moving average price is $30.51 and its 200 day moving average price is $31.93.

KB Home (NYSE:KBHGet Rating) last announced its quarterly earnings data on Wednesday, June 22nd. The construction company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.35. KB Home had a return on equity of 21.92% and a net margin of 10.69%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the business posted $1.50 earnings per share. On average, analysts predict that KB Home will post 10.21 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $0.60 annualized dividend and a yield of 2.26%. KB Home’s payout ratio is 8.22%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KBH. FMR LLC grew its stake in KB Home by 99.2% during the 2nd quarter. FMR LLC now owns 4,341,247 shares of the construction company’s stock worth $123,552,000 after purchasing an additional 2,161,680 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in KB Home by 125.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock worth $67,281,000 after purchasing an additional 1,156,233 shares in the last quarter. Pictet Asset Management SA acquired a new position in KB Home during the 2nd quarter worth $21,899,000. Goldman Sachs Group Inc. grew its stake in KB Home by 113.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,003,238 shares of the construction company’s stock worth $44,875,000 after purchasing an additional 533,400 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in KB Home by 157.1% during the 2nd quarter. AQR Capital Management LLC now owns 669,729 shares of the construction company’s stock worth $18,538,000 after purchasing an additional 409,273 shares in the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

About KB Home

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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.

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