KB Home (NYSE:KBH) Posts Earnings Results, Beats Expectations By $0.35 EPS

KB Home (NYSE:KBH – Get Rating) issued its quarterly earnings data on Wednesday. The construction company reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.35, RTT News reports. KB Home had a net margin of 10.06% and a return on equity of 20.40%. During the same quarter in the previous year, the business posted $1.50 EPS.

NYSE KBH opened at $26.23 on Thursday. KB Home has a 52 week low of $24.78 and a 52 week high of $50.20. The business’s fifty day simple moving average is $32.27 and its 200-day simple moving average is $37.10. The firm has a market cap of $2.32 billion, a PE ratio of 4.05, a P/E/G ratio of 1.30 and a beta of 1.59.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 19th. Stockholders of record on Thursday, May 5th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, May 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.29%. KB Home’s dividend payout ratio is presently 9.26%.

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of KB Home from $55.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. TheStreet cut shares of KB Home from a “b-” rating to a “c+” rating in a research note on Friday, June 17th. Barclays dropped their price target on shares of KB Home from $47.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 8th. Wolfe Research cut shares of KB Home from a “market perform” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research note on Friday, May 13th. Finally, JPMorgan Chase & Co. dropped their price target on shares of KB Home from $49.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.23.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in shares of KB Home by 35.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,169 shares of the construction company’s stock worth $69,000 after acquiring an additional 568 shares during the period. Lazard Asset Management LLC purchased a new position in shares of KB Home during the 1st quarter worth $40,000. Wetherby Asset Management Inc. raised its holdings in KB Home by 24.8% in the 1st quarter. Wetherby Asset Management Inc. now owns 8,019 shares of the construction company’s stock valued at $260,000 after buying an additional 1,592 shares during the period. Yousif Capital Management LLC raised its holdings in KB Home by 4.6% in the 1st quarter. Yousif Capital Management LLC now owns 48,479 shares of the construction company’s stock valued at $1,570,000 after buying an additional 2,148 shares during the period. Finally, Renaissance Group LLC raised its holdings in KB Home by 6.9% in the 1st quarter. Renaissance Group LLC now owns 33,712 shares of the construction company’s stock valued at $1,092,000 after buying an additional 2,166 shares during the period. Institutional investors and hedge funds own 89.78% of the company’s stock.

KB Home Company Profile (Get Rating)

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.

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