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

Shares of KB Home (NYSE:KBH) have been given an average recommendation of “Hold” by the twelve brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $80.13.

Several research firms recently commented on KBH. Bank of America boosted their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. The Goldman Sachs Group increased their price objective on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Wells Fargo & Company cut KB Home from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Barclays raised their price target on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a research report on Thursday, September 5th.

KB Home Stock Up 0.2 %

KBH stock opened at $78.53 on Friday. KB Home has a twelve month low of $54.94 and a twelve month high of $89.70. The business’s fifty day moving average is $80.72 and its 200-day moving average is $78.26. The company has a market cap of $5.76 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 0.63 and a beta of 1.81.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.80 EPS. Research analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. KB Home’s payout ratio is 12.82%.

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.44% of the stock is owned by insiders.

Institutional Trading of KB Home

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after acquiring an additional 1,752,498 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of KB Home in the third quarter worth $89,899,000. LSV Asset Management increased its holdings in KB Home by 118.4% in the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after purchasing an additional 572,800 shares during the period. WINTON GROUP Ltd increased its holdings in KB Home by 754.7% in the second quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock valued at $14,512,000 after purchasing an additional 182,595 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after purchasing an additional 164,010 shares during the last quarter. Institutional investors and hedge funds 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.