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

KB Home (NYSE:KBH) has received an average rating of “Hold” from the thirteen brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $77.50.

KBH has been the subject of a number of recent research reports. Bank of America boosted their target price on KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research note on Thursday, September 5th. The Goldman Sachs Group raised their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Wedbush increased their price target on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wells Fargo & Company cut shares of KB Home from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $80.00 to $83.00 in a research report on Monday, October 7th.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.44% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of KB Home by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock worth $1,842,000 after purchasing an additional 161 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of KB Home by 0.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock valued at $1,304,000 after buying an additional 162 shares in the last quarter. CWM LLC grew its stake in shares of KB Home by 10.2% during the 3rd quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after acquiring an additional 183 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of KB Home by 3.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock valued at $353,000 after acquiring an additional 189 shares during the period. Finally, US Bancorp DE increased its holdings in KB Home by 1.6% in the 1st quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock worth $873,000 after acquiring an additional 191 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Performance

KB Home stock opened at $79.17 on Wednesday. KB Home has a fifty-two week low of $50.38 and a fifty-two week high of $89.70. The firm’s fifty day moving average price is $82.11 and its 200-day moving average price is $76.90. The stock has a market cap of $5.81 billion, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 0.70 and a beta of 1.81.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. KB Home’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.80 earnings per share. On average, analysts predict that KB Home will post 8.44 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.26%. KB Home’s dividend payout ratio is 12.82%.

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.