Citigroup Cuts Rating of KB Home (NYSE:KBH) To “Sell”. The Target is $27.0

April 22, 2018 - By Hazel Jackson

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Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.75, from 1.81 in 2017Q3. It turned negative, as 36 investors sold KB Home shares while 80 reduced holdings. 50 funds opened positions while 73 raised stakes. 81.24 million shares or 1.89% less from 82.80 million shares in 2017Q3 were reported.

Hancock Holdg holds 39,580 shares or 0.05% of its portfolio. Spark Mgmt Ltd Limited Liability Company owns 221,300 shares. Arrowstreet Cap Ltd Partnership reported 233,324 shares or 0.02% of all its holdings. Teacher Retirement System Of Texas, Texas-based fund reported 25,979 shares. Smithfield invested 0% of its portfolio in KB Home (NYSE:KBH). Kessler Invest Gru Ltd Limited Liability Company invested in 750 shares. Comerica National Bank & Trust holds 0.02% in KB Home (NYSE:KBH) or 65,746 shares. Moreover, Weaver C Barksdale & Assoc Incorporated has 0.03% invested in KB Home (NYSE:KBH) for 743 shares. Convergence Inv Ptnrs Ltd Com accumulated 0.43% or 99,960 shares. Numeric Ltd Liability Corporation reported 783,000 shares. Ipg Investment Advsr Limited Liability Com stated it has 0.11% of its portfolio in KB Home (NYSE:KBH). Millennium Mgmt Limited Co invested 0.05% in KB Home (NYSE:KBH). Bluemountain Cap Management Ltd Liability Corp has 0.07% invested in KB Home (NYSE:KBH) for 116,066 shares. Alphamark Advsr Limited Liability Corporation reported 0% stake. Wealthtrust stated it has 155 shares.

Since January 30, 2018, it had 0 insider buys, and 2 sales for $5.50 million activity. On Tuesday, February 13 the insider Norton Thomas F sold $1.43 million.

KB Home (NYSE:KBH) Receives a Downgrade

In a report sent to clients and investors on 2 January, Citigroup cut their rating for shares of KB Home (NYSE:KBH) to a “Sell” and they now have a $27.0 target on the stock. Citigroup’s target indicates a possible upside of 2.62 % from the current price of KB Home (NYSE:KBH).

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.75, from 1.81 in 2017Q3. It turned negative, as 36 investors sold KB Home shares while 80 reduced holdings. 50 funds opened positions while 73 raised stakes. 81.24 million shares or 1.89% less from 82.80 million shares in 2017Q3 were reported.

Hancock Holdg holds 39,580 shares or 0.05% of its portfolio. Spark Mgmt Ltd Limited Liability Company owns 221,300 shares. Arrowstreet Cap Ltd Partnership reported 233,324 shares or 0.02% of all its holdings. Teacher Retirement System Of Texas, Texas-based fund reported 25,979 shares. Smithfield invested 0% of its portfolio in KB Home (NYSE:KBH). Kessler Invest Gru Ltd Limited Liability Company invested in 750 shares. Comerica National Bank & Trust holds 0.02% in KB Home (NYSE:KBH) or 65,746 shares. Moreover, Weaver C Barksdale & Assoc Incorporated has 0.03% invested in KB Home (NYSE:KBH) for 743 shares. Convergence Inv Ptnrs Ltd Com accumulated 0.43% or 99,960 shares. Numeric Ltd Liability Corporation reported 783,000 shares. Ipg Investment Advsr Limited Liability Com stated it has 0.11% of its portfolio in KB Home (NYSE:KBH). Millennium Mgmt Limited Co invested 0.05% in KB Home (NYSE:KBH). Bluemountain Cap Management Ltd Liability Corp has 0.07% invested in KB Home (NYSE:KBH) for 116,066 shares. Alphamark Advsr Limited Liability Corporation reported 0% stake. Wealthtrust stated it has 155 shares.

Since January 30, 2018, it had 0 insider buys, and 2 sales for $5.50 million activity. On Tuesday, February 13 the insider Norton Thomas F sold $1.43 million.

KB Home (NYSE:KBH) Ratings Coverage

Among 15 analysts covering KB Home (NYSE:KBH), 1 have Buy rating, 4 Sell and 10 Hold. Therefore 7% are positive. KB Home has $38.0 highest and $25 lowest target. $31’s average target is 17.83% above currents $26.31 stock price. KB Home had 22 analyst reports since October 25, 2017 according to SRatingsIntel. The company was maintained on Monday, January 22 by Credit Suisse. KeyBanc Capital Markets maintained KB Home (NYSE:KBH) on Tuesday, October 31 with “Hold” rating. On Sunday, March 25 the stock rating was maintained by Mizuho with “Hold”. The stock of KB Home (NYSE:KBH) has “Underweight” rating given on Friday, March 23 by Barclays Capital. The rating was maintained by Susquehanna on Thursday, January 4 with “Hold”. Buckingham Research upgraded the stock to “Neutral” rating in Friday, January 26 report. The stock of KB Home (NYSE:KBH) has “Sell” rating given on Wednesday, January 17 by UBS. The company was downgraded on Friday, January 12 by Buckingham Research. The rating was maintained by Keefe Bruyette & Woods on Thursday, January 11 with “Hold”. RBC Capital Markets maintained it with “Hold” rating and $31.0 target in Monday, November 13 report.

The stock decreased 2.01% or $0.54 during the last trading session, reaching $26.31. About 2.11M shares traded. KB Home (NYSE:KBH) has risen 45.30% since April 22, 2017 and is uptrending. It has outperformed by 33.75% the S&P500.

Analysts await KB Home (NYSE:KBH) to report earnings on June, 26. They expect $0.49 EPS, up 48.48 % or $0.16 from last year’s $0.33 per share. KBH’s profit will be $42.87 million for 13.42 P/E if the $0.49 EPS becomes a reality. After $0.40 actual EPS reported by KB Home for the previous quarter, Wall Street now forecasts 22.50 % EPS growth.

KB Home operates as a homebuilding company in the United States. The company has market cap of $2.30 billion. It manufactures and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, move-up, and active adult homebuyers. It has a 26.34 P/E ratio. The firm also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

KB Home (NYSE:KBH) Institutional Positions Chart

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