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

KB Home (NYSE:KBH) has been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $75.21.

A number of equities analysts have weighed in on the stock. Barclays dropped their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and dropped their target price for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Raymond James reissued an “outperform” rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Bank of America dropped their price objective on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company decreased their target price on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th.

KB Home Price Performance

NYSE KBH opened at $60.54 on Tuesday. The company has a 50-day moving average price of $64.53 and a 200-day moving average price of $73.68. KB Home has a 52 week low of $59.00 and a 52 week high of $89.70. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.33 billion, a P/E ratio of 7.15, a PEG ratio of 0.90 and a beta of 1.89.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 EPS. Equities research analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. KB Home’s payout ratio is 11.81%.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.44% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in KBH. Xponance Inc. lifted its holdings in shares of KB Home by 1.7% during the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after purchasing an additional 163 shares during the last quarter. Principal Securities Inc. grew its stake in shares of KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after acquiring an additional 179 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock valued at $96,000 after acquiring an additional 194 shares in the last quarter. Amundi boosted its stake in KB Home by 29.6% in the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after purchasing an additional 201 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in KB Home by 0.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 206 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

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.