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

Shares of KB Home (NYSE:KBH) have been assigned an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $60.1667.

A number of brokerages have recently commented on KBH. Zacks Research raised KB Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings downgraded KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $53.00 price target on shares of KB Home in a research note on Wednesday, June 24th. Barclays raised their price target on KB Home from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, UBS Group upped their price objective on shares of KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th.

Hedge Funds Weigh In On KB Home

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. raised its stake in KB Home by 80.0% during the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after purchasing an additional 220 shares during the period. Eastern Bank purchased a new stake in shares of KB Home during the 2nd quarter valued at $26,000. First Horizon Corp grew its stake in shares of KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after buying an additional 322 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after buying an additional 250 shares during the last quarter. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of KB Home during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of NYSE KBH opened at $61.13 on Monday. The firm has a market cap of $3.83 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 10.29 and a beta of 1.34. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71. The firm’s 50 day moving average price is $52.52 and its 200 day moving average price is $55.89.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The company’s revenue was down 27.3% on a year-over-year basis. As a group, equities analysts predict that KB Home will post 3.25 EPS for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 7th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. KB Home’s dividend payout ratio (DPR) is currently 34.84%.

About KB Home

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.