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

Shares of KB Home (NYSE:KBH) have received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $76.21.

KBH has been the subject of a number of research reports. Raymond James reissued an “outperform” rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Seaport Res Ptn upgraded KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Bank of America dropped their price objective on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their target price on shares of 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. Finally, Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and decreased their target price for the stock from $70.00 to $67.00 in a research report on Friday, January 10th.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.44% of the company’s stock.

Institutional Investors Weigh In On KB Home

Several hedge funds have recently modified their holdings of KBH. FMR LLC raised its stake in KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the last quarter. State Street Corp increased its holdings in shares of KB Home by 1.3% during the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock worth $303,285,000 after purchasing an additional 45,311 shares during the period. Invesco Ltd. raised its position in shares of KB Home by 2.4% during the fourth quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company’s stock valued at $157,529,000 after buying an additional 56,142 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of KB Home by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock valued at $149,928,000 after buying an additional 75,143 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of KB Home by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock valued at $166,125,000 after buying an additional 16,593 shares during the period. 96.09% of the stock is owned by institutional investors.

KB Home Price Performance

NYSE KBH opened at $62.83 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.86. The company has a 50 day simple moving average of $66.45 and a 200-day simple moving average of $76.15. KB Home has a 52-week low of $60.26 and a 52-week high of $89.70.

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

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.59%. KB Home’s dividend payout ratio (DPR) 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.