KB Home (KBH) Receives Average Rating of “Hold” from Brokerages
Shares of KB Home (NYSE:KBH) have been assigned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $20.38.
KBH has been the subject of several research analyst reports. Wedbush set a $22.00 target price on KB Home and gave the stock a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, June 7th. Deutsche Bank AG lifted their target price on KB Home from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, March 29th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $20.00 target price on shares of KB Home in a research note on Friday, March 24th. Finally, MKM Partners upgraded KB Home to a “hold” rating and lifted their target price for the stock from $20.00 to $24.00 in a research note on Tuesday, June 27th.
In other news, CFO Jeff Kaminski sold 163,017 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $23.40, for a total transaction of $3,814,597.80. Following the completion of the transaction, the chief financial officer now owns 178,251 shares of the company’s stock, valued at approximately $4,171,073.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in KB Home by 19,999.6% in the first quarter. BlackRock Inc. now owns 10,064,270 shares of the construction company’s stock worth $200,078,000 after buying an additional 10,014,198 shares during the period. Donald Smith & CO. Inc. boosted its position in KB Home by 2.5% in the first quarter. Donald Smith & CO. Inc. now owns 6,930,463 shares of the construction company’s stock worth $137,778,000 after buying an additional 169,696 shares during the period. Vanguard Group Inc. boosted its position in KB Home by 4.0% in the first quarter. Vanguard Group Inc. now owns 6,392,286 shares of the construction company’s stock worth $127,079,000 after buying an additional 244,007 shares during the period. State Street Corp boosted its position in KB Home by 1.7% in the first quarter. State Street Corp now owns 2,582,322 shares of the construction company’s stock worth $51,341,000 after buying an additional 42,224 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in KB Home by 19.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,422,346 shares of the construction company’s stock worth $38,298,000 after buying an additional 402,390 shares during the period. 98.69% of the stock is owned by institutional investors.
KB Home (KBH) opened at 23.64 on Tuesday. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 18.21 and a beta of 1.63. KB Home has a one year low of $14.06 and a one year high of $24.37. The stock’s 50 day moving average price is $21.73 and its 200-day moving average price is $19.01.
KB Home (NYSE:KBH) last issued its earnings results on Tuesday, June 27th. The construction company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.07. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $929.85 million. During the same period in the previous year, the company posted $0.17 EPS. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, equities research analysts expect that KB Home will post $1.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd will be issued a dividend of $0.025 per share. The ex-dividend date is Tuesday, August 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.42%. KB Home’s dividend payout ratio (DPR) is currently 7.69%.
WARNING: This piece was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/18/kb-home-kbh-receives-average-rating-of-hold-from-brokerages.html.
About KB Home
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.
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.