Research Analysts’ Recent Ratings Updates for KB Home (KBH)

Several brokerages have updated their recommendations and price targets on shares of KB Home (NYSE: KBH) in the last few weeks:

• 6/20/2024 – KB Home had its price target raised by analysts at Royal Bank of Canada from $69.00 to $70.00. They now have a “sector perform” rating on the stock.
• 6/20/2024 – KB Home had its price target raised by analysts at Evercore ISI from $78.00 to $86.00. They now have an “outperform” rating on the stock.
• 6/20/2024 – KB Home had its price target raised by analysts at Wedbush from $64.00 to $67.00. They now have a “neutral” rating on the stock.
• 6/20/2024 – KB Home had its price target raised by analysts at Keefe, Bruyette & Woods from $74.00 to $77.00. They now have a “market perform” rating on the stock.
• 5/13/2024 – KB Home had its “underperform” rating reaffirmed by analysts at Zelman & Associates. They now have a $69.00 price target on the stock.

KB Home Stock Up 0.3 %

Shares of NYSE:KBH opened at $66.58 on Thursday. The company has a market cap of $5.05 billion, a PE ratio of 8.81, a P/E/G ratio of 0.71 and a beta of 1.80. The company’s 50-day moving average price is $69.25 and its 200 day moving average price is $65.71. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $74.65.

KB Home Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were given a $0.25 dividend. The ex-dividend date was Wednesday, May 8th. This is an increase from KB Home’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a yield of 1.50%. KB Home’s dividend payout ratio (DPR) is currently 13.23%.

Insider Activity at KB Home

In other KB Home news, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $70.48, for a total transaction of $275,858.72. Following the transaction, the director now owns 48,217 shares of the company’s stock, valued at approximately $3,398,334.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other KB Home news, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $70.48, for a total transaction of $275,858.72. Following the transaction, the director now owns 48,217 shares of the company’s stock, valued at approximately $3,398,334.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,294,522.88. The disclosure for this sale can be found here. Insiders have sold a total of 64,460 shares of company stock worth $4,384,468 in the last ninety days. 3.52% of the stock is owned by insiders.

Hedge Funds Weigh In On KB Home

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of KB Home by 3.5% in the third quarter. Vanguard Group Inc. now owns 7,819,706 shares of the construction company’s stock worth $361,896,000 after acquiring an additional 263,194 shares in the last quarter. American Century Companies Inc. increased its position in shares of KB Home by 32.3% in the third quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock worth $57,927,000 after acquiring an additional 305,820 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of KB Home by 2.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company’s stock worth $63,692,000 after acquiring an additional 18,981 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of KB Home by 2,728.9% in the first quarter. Wedge Capital Management L L P NC now owns 642,869 shares of the construction company’s stock worth $45,567,000 after acquiring an additional 620,144 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of KB Home in the fourth quarter worth approximately $36,761,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

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.