KB Home (NYSE:KBH) Receives Consensus Rating of “Hold” from Analysts

Shares of KB Home (NYSE:KBH) have earned an average rating of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $64.3636.

Several equities analysts have issued reports on KBH shares. Wells Fargo & Company boosted their price target on KB Home from $50.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Royal Bank Of Canada lifted their price objective on shares of KB Home from $58.00 to $59.00 and gave the company a “sector perform” rating in a research note on Thursday, September 25th. Raymond James Financial boosted their target price on shares of KB Home from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, September 25th. Bank of America reduced their price target on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, October 10th. Finally, UBS Group reaffirmed a “buy” rating and issued a $83.00 price target on shares of KB Home in a research note on Thursday, September 25th.

KB Home Trading Down 1.7%

Shares of KB Home stock opened at $62.85 on Thursday. The business has a 50-day moving average price of $62.03 and a two-hundred day moving average price of $59.94. KB Home has a 1-year low of $48.90 and a 1-year high of $72.64. The company has a market cap of $4.07 billion, a P/E ratio of 8.32, a PEG ratio of 5.20 and a beta of 1.40.

KB Home (NYSE:KBH) last announced its earnings results on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the company earned $2.04 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities research analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Thursday, November 13th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, November 13th. KB Home’s payout ratio is presently 13.25%.

Insiders Place Their Bets

In related news, EVP Albert Z. Praw sold 20,284 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $60.08, for a total transaction of $1,218,662.72. Following the transaction, the executive vice president directly owned 104,062 shares of the company’s stock, valued at approximately $6,252,044.96. This represents a 16.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.89% of the company’s stock.

Institutional Investors Weigh In On KB Home

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of KB Home by 3.1% during the second quarter. State Street Corp now owns 3,503,159 shares of the construction company’s stock worth $185,562,000 after purchasing an additional 106,926 shares during the period. Geode Capital Management LLC increased its stake in KB Home by 7.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,784,398 shares of the construction company’s stock valued at $94,530,000 after purchasing an additional 123,030 shares in the last quarter. Freestone Grove Partners LP acquired a new position in KB Home during the third quarter worth $111,050,000. Invesco Ltd. raised its holdings in KB Home by 1.4% during the third quarter. Invesco Ltd. now owns 1,400,892 shares of the construction company’s stock worth $89,153,000 after buying an additional 19,330 shares during the last quarter. Finally, Norges Bank bought a new position in shares of KB Home in the second quarter valued at $55,329,000. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

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.