KB Home (NYSE:KBH) Given Consensus Rating of “Hold” by Analysts

Shares of KB Home (NYSE:KBH) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $62.7273.

A number of analysts have weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $66.00 target price on shares of KB Home in a research note on Tuesday, January 13th. Wells Fargo & Company cut their price target on shares of KB Home from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, December 19th. Raymond James Financial lowered shares of KB Home from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 24th. Bank of America lowered their price objective on shares of KB Home from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, December 22nd. Finally, UBS Group reduced their target price on shares of KB Home from $77.00 to $71.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th.

Hedge Funds Weigh In On KB Home

A number of hedge funds and other institutional investors have recently made changes to their positions in KBH. Xponance Inc. increased its stake in shares of KB Home by 1.6% during the third quarter. Xponance Inc. now owns 10,198 shares of the construction company’s stock valued at $649,000 after buying an additional 163 shares during the period. Yousif Capital Management LLC grew its holdings in KB Home by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock worth $1,353,000 after acquiring an additional 209 shares in the last quarter. GHE LLC increased its position in KB Home by 0.7% during the 3rd quarter. GHE LLC now owns 30,983 shares of the construction company’s stock valued at $1,972,000 after purchasing an additional 212 shares during the period. Securian Asset Management Inc. increased its position in KB Home by 4.6% during the 2nd quarter. Securian Asset Management Inc. now owns 5,462 shares of the construction company’s stock valued at $289,000 after purchasing an additional 238 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of KB Home by 44.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock valued at $49,000 after purchasing an additional 240 shares in the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

KB Home stock opened at $61.58 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.77 and a quick ratio of 0.53. The firm has a market capitalization of $3.89 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 8.08 and a beta of 1.49. KB Home has a 1-year low of $48.90 and a 1-year high of $68.71. The company’s 50-day moving average is $60.34 and its 200 day moving average is $61.29.

KB Home (NYSE:KBH) last released its earnings results on Thursday, December 18th. The construction company reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.79 by $0.13. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the firm posted $2.52 earnings per share. The company’s quarterly revenue was down 15.5% on a year-over-year basis. Research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, February 5th. KB Home’s dividend payout ratio (DPR) is presently 20.37%.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.