KB Home (NYSE:KBH) Downgraded to Sell Rating by StockNews.com

KB Home (NYSE:KBH) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other analysts have also recently commented on the stock. Raymond James restated an “outperform” rating and set a $80.00 target price (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Evercore ISI boosted their price objective on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods cut their price objective on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday. Royal Bank of Canada lowered their target price on shares of KB Home from $67.00 to $63.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Bank of America cut their price target on KB Home from $67.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.21.

KB Home Stock Up 1.0 %

KBH traded up $0.57 on Wednesday, hitting $59.14. The company had a trading volume of 1,351,615 shares, compared to its average volume of 1,237,727. KB Home has a 52-week low of $56.41 and a 52-week high of $89.70. The stock has a fifty day simple moving average of $63.81 and a 200-day simple moving average of $72.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The firm has a market capitalization of $4.23 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH) last released its earnings results on Monday, March 24th. The construction company reported $1.49 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 EPS. As a group, equities analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Quest Partners LLC boosted its holdings in KB Home by 101,600.0% in the third quarter. Quest Partners LLC now owns 1,017 shares of the construction company’s stock worth $87,000 after purchasing an additional 1,016 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of KB Home by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 20,528 shares of the construction company’s stock worth $1,759,000 after buying an additional 263 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after buying an additional 164,010 shares during the last quarter. Citigroup Inc. grew its holdings in shares of KB Home by 62.1% in the third quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock worth $9,173,000 after acquiring an additional 40,992 shares during the period. Finally, Cerity Partners LLC increased its position in KB Home by 24.7% during the third quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock valued at $3,320,000 after acquiring an additional 7,679 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other 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.