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

KB Home (NYSE:KBH) has been given an average recommendation of “Hold” by the twelve research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $79.17.

A number of brokerages have weighed in on KBH. Barclays cut shares of KB Home from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $99.00 to $85.00 in a research report on Wednesday, December 11th. Wedbush lifted their price objective on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Bank of America upped their target price on shares of 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 downgraded shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a research report on Friday, December 13th.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated 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 of the company’s stock, 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 can be accessed through this hyperlink. 4.44% of the stock is currently owned by insiders.

Institutional Trading of KB Home

Hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its stake in shares of KB Home by 6.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,689 shares of the construction company’s stock worth $469,000 after purchasing an additional 427 shares during the last quarter. Van ECK Associates Corp increased its position in KB Home by 14.2% in the 2nd quarter. Van ECK Associates Corp now owns 31,512 shares of the construction company’s stock worth $2,212,000 after buying an additional 3,927 shares during the period. Tortoise Investment Management LLC grew its position in KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after purchasing an additional 963 shares during the last quarter. Foundry Partners LLC increased its holdings in shares of KB Home by 7.0% during the 2nd quarter. Foundry Partners LLC now owns 110,972 shares of the construction company’s stock worth $7,788,000 after purchasing an additional 7,228 shares during the period. Finally, Savant Capital LLC lifted its stake in shares of KB Home by 11.9% in the second quarter. Savant Capital LLC now owns 7,835 shares of the construction company’s stock valued at $550,000 after buying an additional 833 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Price Performance

Shares of NYSE:KBH opened at $65.72 on Thursday. The business has a 50-day moving average of $76.10 and a two-hundred day moving average of $78.22. The firm has a market capitalization of $4.82 billion, a PE ratio of 8.43, a P/E/G ratio of 0.57 and a beta of 1.81. KB Home has a 12 month low of $58.05 and a 12 month high of $89.70.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Thursday, November 14th. KB Home’s dividend payout ratio is currently 12.82%.

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.