KB Home (NYSE:KBH) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

KB Home (NYSE:KBH – Get Free Report) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other research firms also recently weighed in on KBH. Citigroup reissued an “outperform” rating on shares of KB Home in a research report on Wednesday, September 23rd. UBS Group reaffirmed a “buy” rating on shares of KB Home in a report on Wednesday, September 23rd. Truist Financial lowered their price objective on shares of KB Home from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, September 23rd. Weiss Ratings raised shares of KB Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, September 18th. Finally, Citizens Jmp cut their target price on KB Home from $77.00 to $70.00 and set a “market outperform” rating on the stock in a research report on Wednesday, September 23rd. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, KB Home presently has an average rating of “Hold” and a consensus price target of $54.58.

Read Our Latest Research Report on KBH

KB Home Stock Performance

KB Home stock opened at $45.72 on Friday. The stock has a market cap of $2.80 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 2.37 and a beta of 1.34. The stock has a 50-day moving average of $52.74 and a two-hundred day moving average of $52.97. KB Home has a one year low of $44.03 and a one year high of $67.57.

KB Home (NYSE:KBH – Get Free Report) last issued its quarterly earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. KB Home had a return on equity of 6.56% and a net margin of 4.39%.The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The company’s revenue was down 20.0% on a year-over-year basis. As a group, sell-side analysts predict that KB Home will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Arthur Collins sold 4,000 shares of KB Home stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total transaction of $227,840.00. Following the completion of the transaction, the director directly owned 9,157 shares of the company’s stock, valued at $521,582.72. The trade was a 30.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Albert Z. Praw sold 22,015 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the completion of the transaction, the executive vice president owned 104,062 shares of the company’s stock, valued at approximately $6,108,439.40. This represents a 17.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.69% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of KB Home during the 2nd quarter worth about $26,000. Bessemer Group Inc. increased its stake in shares of KB Home by 80.0% in the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after purchasing an additional 220 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in KB Home in the 2nd quarter worth about $46,000. Polaris Financial Partners acquired a new position in KB Home in the 3rd quarter worth about $43,000. Finally, Integrated Wealth Concepts LLC purchased a new position in KB Home during the second quarter worth approximately $73,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

(Get Free Report)

KB Home is a national homebuilder that designs, constructs and sells single-family homes and townhomes. The company offers homes in a range of floor plans, sizes and price points, with options that allow buyers to personalize features and finishes. Its communities typically include amenities such as parks, open spaces and other neighborhood improvements.

Founded in 1957, KB Home is headquartered in Los Angeles, California. The company serves residential markets across the United States, including Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.

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