Wedbush Reiterates “Neutral” Rating for KB Home (NYSE:KBH)

KB Home (NYSE:KBH)‘s stock had its “neutral” rating reiterated by equities research analysts at Wedbush in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $75.00 price objective on the construction company’s stock. Wedbush’s price target would indicate a potential upside of 25.97% from the stock’s previous close.

A number of other research firms also recently weighed in on KBH. Raymond James restated an “outperform” rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their target price for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Wells Fargo & Company lowered their price target on shares of KB Home from $63.00 to $57.00 and set an “underweight” rating for the company in a report on Tuesday. Evercore ISI raised their price objective on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, January 14th. Finally, Barclays reduced their price objective on KB Home from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, KB Home has a consensus rating of “Hold” and a consensus price target of $72.46.

KB Home Price Performance

Shares of NYSE:KBH traded down $2.25 during midday trading on Tuesday, hitting $59.54. The stock had a trading volume of 2,040,944 shares, compared to its average volume of 1,220,036. The company’s 50-day moving average price is $64.17 and its 200-day moving average price is $72.95. KB Home has a fifty-two week low of $58.80 and a fifty-two week high of $89.70. 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 company has a market capitalization of $4.25 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. As a group, equities research analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KBH. Jones Financial Companies Lllp raised its holdings in shares of KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after purchasing an additional 214 shares during the period. Principal Securities Inc. raised its stake in KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after buying an additional 179 shares during the period. Wilmington Savings Fund Society FSB bought a new position in KB Home in the third quarter worth approximately $59,000. Versant Capital Management Inc grew its stake in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after acquiring an additional 557 shares during the period. Finally, Amundi increased its holdings in shares of KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after acquiring an additional 201 shares in the last quarter. 96.09% of the stock is 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.