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

Shares of KB Home (NYSE:KBH) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $74.96.

A number of equities research analysts have weighed in on KBH shares. Bank of America upped their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Wedbush reaffirmed a “neutral” rating and set a $67.00 target price on shares of KB Home in a report on Thursday, September 12th. Evercore ISI raised their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wells Fargo & Company increased their target price on shares of KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Finally, The Goldman Sachs Group lifted their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd.

KB Home Stock Up 1.1 %

Shares of KBH opened at $88.20 on Tuesday. The firm has a market capitalization of $6.63 billion, a PE ratio of 11.67, a P/E/G ratio of 0.80 and a beta of 1.81. The firm has a 50-day moving average price of $82.22 and a 200 day moving average price of $73.24. KB Home has a 52-week low of $42.11 and a 52-week high of $89.70.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. KB Home’s dividend payout ratio is currently 13.23%.

Hedge Funds Weigh In On KB Home

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of KB Home in the fourth quarter valued at about $36,761,000. Wells Fargo & Company MN boosted its holdings in KB Home by 45.1% in the fourth quarter. Wells Fargo & Company MN now owns 140,728 shares of the construction company’s stock valued at $8,790,000 after acquiring an additional 43,748 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in KB Home by 8.5% in the fourth quarter. Corient Private Wealth LLC now owns 18,597 shares of the construction company’s stock valued at $1,162,000 after buying an additional 1,452 shares during the period. US Bancorp DE boosted its position in shares of KB Home by 35.8% in the 4th quarter. US Bancorp DE now owns 12,126 shares of the construction company’s stock worth $757,000 after purchasing an additional 3,199 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of KB Home by 10.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock valued at $201,000 after acquiring an additional 293 shares during the last quarter. 96.09% of the stock is currently 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.