KB Home (NYSE:KBH) – KeyCorp issued their Q2 2018 EPS estimates for shares of KB Home in a research note issued on Wednesday. KeyCorp analyst K. Zener expects that the construction company will earn $0.68 per share for the quarter. KeyCorp also issued estimates for KB Home’s FY2018 earnings at $2.66 EPS.
Several other brokerages also recently commented on KBH. Buckingham Research downgraded KB Home from a “neutral” rating to an “underperform” rating and increased their price target for the company from $28.00 to $34.00 in a report on Friday, January 12th. They noted that the move was a valuation call. Royal Bank of Canada increased their price target on KB Home to $40.00 and gave the company a “sector perform” rating in a report on Monday, January 15th. UBS Group increased their price target on KB Home from $25.00 to $30.00 and gave the company a “sell” rating in a report on Wednesday, January 17th. Mizuho set a $35.00 price target on KB Home and gave the company a “hold” rating in a report on Thursday, January 18th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $38.00 price target (up previously from $31.00) on shares of KB Home in a report on Monday, January 22nd. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. KB Home currently has a consensus rating of “Hold” and an average target price of $29.07.
KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, January 10th. The construction company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th will be given a $0.025 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. KB Home’s dividend payout ratio is 5.46%.
In other news, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the sale, the chief financial officer now directly owns 237,775 shares of the company’s stock, valued at $7,734,820.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of KBH. AllSquare Wealth Management LLC bought a new position in KB Home in the third quarter worth $113,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in KB Home by 83.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after purchasing an additional 1,947 shares during the period. Strs Ohio bought a new position in KB Home in the fourth quarter worth $162,000. Greenwood Capital Associates LLC bought a new position in KB Home in the third quarter worth $207,000. Finally, Suntrust Banks Inc. bought a new position in KB Home in the fourth quarter worth $208,000. 98.15% of the stock is owned by hedge funds and other institutional investors.
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.
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