KB Home (NYSE:KBH) Reaches New 52-Week Low – Here’s Why

KB Home (NYSE:KBH) shares reached a new 52-week low on Monday . The company traded as low as $48.04 and last traded at $48.1170, with a volume of 521239 shares. The stock had previously closed at $51.44.

Wall Street Analyst Weigh In

Several brokerages have commented on KBH. Seaport Research Partners reaffirmed a “sell” rating and issued a $43.00 target price (down from $65.00) on shares of KB Home in a research note on Tuesday, April 7th. Barclays reduced their price target on shares of KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, March 25th. The Goldman Sachs Group reduced their price target on shares of KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. UBS Group reduced their price target on shares of KB Home from $71.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Finally, Wall Street Zen cut shares of KB Home from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.17.

KB Home Stock Up 2.8%

The company’s fifty day moving average price is $54.34 and its two-hundred day moving average price is $58.82. The company has a market cap of $3.12 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 8.55 and a beta of 1.42.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. The firm’s revenue was down 22.6% on a year-over-year basis. On average, equities research analysts predict that KB Home will post 3.1 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Thursday, May 7th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, May 7th. This represents a $1.00 annualized dividend and a yield of 2.0%. KB Home’s dividend payout ratio is presently 25.38%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KBH. United Services Automobile Association acquired a new position in KB Home during the first quarter worth $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in KB Home by 5.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company’s stock worth $13,108,000 after purchasing an additional 11,103 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in KB Home by 23.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,530 shares of the construction company’s stock worth $134,000 after purchasing an additional 482 shares during the last quarter. Marshall Wace LLP boosted its holdings in KB Home by 341.2% during the second quarter. Marshall Wace LLP now owns 86,667 shares of the construction company’s stock worth $4,591,000 after purchasing an additional 67,023 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in KB Home in the second quarter valued at $711,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

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.