MKM Partners Analysts Give KB Home (KBH) a $13.00 Price Target
KB Home (NYSE:KBH) has been given a $13.00 target price by investment analysts at MKM Partners in a research report issued to clients and investors on Tuesday. The brokerage currently has a a “hold” rating on the stock. MKM Partners’ price target suggests a potential downside of 18.19% from the company’s current price.
A number of other research analysts also recently weighed in on the stock. Wells Fargo & Co. assumed coverage on shares of KB Home in a research report on Wednesday, September 28th. They set a “market perform” rating for the company. FBR & Co reissued a “market perform” rating and set a $16.00 target price on shares of KB Home in a research report on Thursday, September 22nd. RBC Capital Markets reissued a “sector perform” rating and set a $17.00 target price (up from $16.00) on shares of KB Home in a research report on Thursday, September 22nd. Bank of America Corp. reissued a “sell” rating and set a $12.50 target price on shares of KB Home in a research report on Wednesday, September 21st. Finally, Royal Bank Of Canada increased their target price on shares of KB Home from $16.00 to $17.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 21st. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $15.40.
Shares of KB Home (NYSE:KBH) traded down 0.661% on Tuesday, reaching $15.785. 1,228,754 shares of the company’s stock traded hands. The firm has a market cap of $1.34 billion, a P/E ratio of 13.667 and a beta of 1.99. The company’s 50-day moving average price is $15.64 and its 200 day moving average price is $14.87. KB Home has a one year low of $9.04 and a one year high of $16.76.
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KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 20th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. KB Home had a net margin of 3.31% and a return on equity of 6.77%. The business earned $913.30 million during the quarter. During the same period in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts forecast that KB Home will post $1.33 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 17th. Investors of record on Thursday, November 3rd will be given a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Tuesday, November 1st. KB Home’s payout ratio is presently 8.62%.
In related news, CEO Jeffrey T. Mezger sold 110,000 shares of KB Home stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.39, for a total value of $1,802,900.00. Following the transaction, the chief executive officer now owns 606,716 shares in the company, valued at approximately $9,944,075.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey T. Mezger sold 500,000 shares of KB Home stock in a transaction on Wednesday, July 27th. The stock was sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the completion of the transaction, the insider now owns 606,716 shares in the company, valued at approximately $9,992,612.52. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of KBH. Aperio Group LLC boosted its position in shares of KB Home by 42.0% in the first quarter. Aperio Group LLC now owns 167,484 shares of the company’s stock worth $2,392,000 after buying an additional 49,537 shares during the last quarter. Nisa Investment Advisors L.L.C. raised its stake in shares of KB Home by 12.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 36,900 shares of the company’s stock worth $527,000 after buying an additional 4,100 shares during the period. Prudential Financial Inc. raised its stake in shares of KB Home by 1,268.6% in the first quarter. Prudential Financial Inc. now owns 797,468 shares of the company’s stock worth $11,388,000 after buying an additional 739,200 shares during the period. Franklin Resources Inc. raised its stake in shares of KB Home by 0.8% in the first quarter. Franklin Resources Inc. now owns 1,759,828 shares of the company’s stock worth $25,131,000 after buying an additional 13,153 shares during the period. Finally, BlackRock Inc. raised its stake in shares of KB Home by 4.0% in the first quarter. BlackRock Inc. now owns 33,585 shares of the company’s stock worth $480,000 after buying an additional 1,290 shares during the period. Institutional investors own 92.39% of the company’s stock.
About KB Home
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.
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