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

KB Home (NYSE:KBH) has received a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $76.63.

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Barclays dropped their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. UBS Group decreased their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their price target for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Finally, Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th.

Hedge Funds Weigh In On KB Home

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in KB Home by 24.5% during the third quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after purchasing an additional 38,638 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock valued at $77,655,000 after purchasing an additional 164,010 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of KB Home during the 3rd quarter worth about $956,000. Cerity Partners LLC boosted its holdings in shares of KB Home by 24.7% during the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock worth $3,320,000 after buying an additional 7,679 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of KB Home by 62.1% during the 3rd quarter. Citigroup Inc. now owns 107,051 shares of the construction company’s stock worth $9,173,000 after buying an additional 40,992 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Performance

Shares of KBH opened at $66.82 on Monday. The firm has a fifty day moving average of $71.60 and a 200-day moving average of $77.99. KB Home has a 1 year low of $58.15 and a 1 year high of $89.70. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 7.89, a price-to-earnings-growth ratio of 0.93 and a beta of 1.86.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $1.85 EPS. Analysts predict that KB Home will post 8.5 EPS for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. The ex-dividend date is Thursday, February 6th. KB Home’s payout ratio is presently 11.81%.

About KB Home

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.