Stock analysts at Mizuho began coverage on shares of KB Home (NYSE:KBH) in a report released on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the construction company’s stock.

Several other equities research analysts also recently commented on the company. Deutsche Bank AG upped their target price on KB Home from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, March 29th. Zacks Investment Research raised KB Home from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a report on Monday, March 27th. Wedbush reaffirmed an “outperform” rating and set a $22.00 target price on shares of KB Home in a report on Friday, March 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $21.00 target price (up from $17.00) on shares of KB Home in a report on Friday, March 24th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $16.00 target price (up from $15.00) on shares of KB Home in a report on Tuesday, March 7th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.47.

Analyst Recommendations for KB Home (NYSE:KBH)

Shares of KB Home (NYSE:KBH) traded up 1.08% on Tuesday, reaching $21.52. 1,993,046 shares of the company traded hands. The company has a market capitalization of $1.84 billion, a PE ratio of 18.88 and a beta of 1.93. KB Home has a 52-week low of $12.38 and a 52-week high of $21.58. The firm has a 50-day moving average of $20.32 and a 200-day moving average of $17.55.

KB Home (NYSE:KBH) last announced its earnings results on Thursday, March 23rd. The construction company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. KB Home had a return on equity of 6.35% and a net margin of 2.94%. The business had revenue of $818.60 million during the quarter, compared to the consensus estimate of $797.78 million. During the same period in the prior year, the business posted $0.14 earnings per share. KB Home’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts forecast that KB Home will post $1.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 18th. Shareholders of record on Thursday, May 4th will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, May 2nd. KB Home’s payout ratio is currently 8.85%.

ILLEGAL ACTIVITY NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/05/16/mizuho-begins-coverage-on-kb-home-kbh.html.

In other KB Home news, SVP Thomas F. Norton sold 45,000 shares of the company’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $19.81, for a total value of $891,450.00. Following the transaction, the senior vice president now directly owns 106,429 shares of the company’s stock, valued at approximately $2,108,358.49. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of KB Home by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,316 shares of the construction company’s stock valued at $195,000 after buying an additional 80 shares during the last quarter. Advantus Capital Management Inc raised its position in shares of KB Home by 3.0% in the first quarter. Advantus Capital Management Inc now owns 10,648 shares of the construction company’s stock valued at $212,000 after buying an additional 309 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of KB Home by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 21,000 shares of the construction company’s stock valued at $417,000 after buying an additional 400 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of KB Home by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 29,100 shares of the construction company’s stock valued at $579,000 after buying an additional 400 shares during the last quarter. Finally, Mason Street Advisors LLC raised its position in shares of KB Home by 1.2% in the first quarter. Mason Street Advisors LLC now owns 39,288 shares of the construction company’s stock valued at $781,000 after buying an additional 462 shares during the last quarter. 95.74% of the stock is currently owned by institutional investors.

KB Home Company Profile

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

5 Day Chart for NYSE:KBH

The Fly

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.