KB Home (NYSE:KBH) Price Target Lowered to $44.00 at Wedbush

KB Home (NYSE:KBHGet Rating) had its target price reduced by Wedbush from $60.00 to $44.00 in a report issued on Thursday, The Fly reports.

KBH has been the subject of a number of other research reports. KeyCorp raised shares of KB Home from an underweight rating to a sector weight rating in a research note on Monday. UBS Group decreased their price objective on shares of KB Home from $66.00 to $45.00 and set a buy rating for the company in a research note on Thursday, June 16th. Bank of America lowered shares of KB Home from a buy rating to a neutral rating and set a $34.00 price objective for the company. in a research note on Thursday, August 25th. Credit Suisse Group lowered shares of KB Home from an outperform rating to a neutral rating and decreased their price objective for the stock from $42.00 to $35.00 in a research note on Monday, July 11th. Finally, Barclays decreased their price objective on shares of KB Home from $43.00 to $41.00 and set an overweight rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, KB Home presently has an average rating of Moderate Buy and an average price target of $39.00.

KB Home Stock Performance

KB Home stock opened at $26.60 on Thursday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 3.64, a price-to-earnings-growth ratio of 0.38 and a beta of 1.64. KB Home has a 1 year low of $24.78 and a 1 year high of $50.20. The firm’s 50 day moving average price is $30.51 and its two-hundred day moving average price is $31.93.

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

KB Home Announces Dividend

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

Institutional Investors Weigh In On KB Home

Institutional investors and hedge funds have recently modified their holdings of the business. Prospera Financial Services Inc acquired a new stake in shares of KB Home in the 1st quarter valued at $28,000. Massmutual Trust Co. FSB ADV raised its holdings in KB Home by 1,375.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 900 shares of the construction company’s stock worth $29,000 after acquiring an additional 839 shares during the period. Lazard Asset Management LLC bought a new position in KB Home in the 1st quarter worth $40,000. Acadian Asset Management LLC raised its holdings in KB Home by 36.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,601 shares of the construction company’s stock worth $71,000 after acquiring an additional 426 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new position in KB Home in the 2nd quarter worth $49,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

KB Home Company Profile

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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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