KB Home (NYSE:KBH) Downgraded by Seaport Research Partners to Strong Sell

KB Home (NYSE:KBH) was downgraded by equities researchers at Seaport Research Partners from a “strong-buy” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

KBH has been the subject of several other reports. Weiss Ratings reissued a “hold (c+)” rating on shares of KB Home in a report on Thursday, January 22nd. Truist Financial reduced their price target on KB Home from $65.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, March 25th. Royal Bank Of Canada reduced their price target on KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. JPMorgan Chase & Co. reduced their price target on KB Home from $71.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, December 29th. Finally, Bank of America reduced their price target on KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $59.50.

KB Home Stock Down 5.6%

KB Home stock opened at $48.47 on Monday. KB Home has a twelve month low of $48.17 and a twelve month high of $68.71. The stock has a 50 day moving average of $57.86 and a two-hundred day moving average of $60.03. The company has a current ratio of 2.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 7.82 and a beta of 1.50.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The firm’s revenue for the quarter was down 22.6% on a year-over-year basis. During the same period last year, the firm earned $1.49 EPS. As a group, research analysts expect that KB Home will post 8.42 earnings per share for the current year.

Hedge Funds Weigh In On KB Home

Several hedge funds have recently bought and sold shares of KBH. First Horizon Corp increased its stake in KB Home by 178.9% in the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after purchasing an additional 322 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in KB Home by 73.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after purchasing an additional 250 shares in the last quarter. Fulcrum Asset Management LLP purchased a new position in KB Home in the 3rd quarter valued at approximately $36,000. Aventura Private Wealth LLC purchased a new position in KB Home in the 4th quarter valued at approximately $46,000. Finally, Rothschild Investment LLC increased its stake in KB Home by 391.0% in the 4th quarter. Rothschild Investment LLC now owns 820 shares of the construction company’s stock valued at $46,000 after purchasing an additional 653 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.