KB Home’s (KBH) Neutral Rating Reaffirmed at Wedbush

Wedbush restated their neutral rating on shares of KB Home (NYSE:KBH) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $75.00 price objective on the construction company’s stock.

Several other equities analysts also recently issued reports on the company. UBS Group cut their target price on KB Home from $97.00 to $86.00 and set a “buy” rating on the stock in a research report on Tuesday. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and cut their price objective for the company from $70.00 to $67.00 in a report on Friday, January 10th. Barclays decreased their target price on KB Home from $60.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday. Raymond James reiterated an “outperform” rating and issued a $80.00 price target (down previously from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Finally, Bank of America reduced their price target on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.13.

KB Home Stock Down 5.2 %

Shares of KBH stock opened at $58.56 on Tuesday. The stock’s fifty day moving average price is $63.99 and its 200 day moving average price is $72.81. KB Home has a 1-year low of $56.41 and a 1-year high of $89.70. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.83.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.07). The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS. On average, research analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.71%. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were 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 owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.89% of the company’s stock.

Hedge Funds Weigh In On KB Home

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of KB Home by 65.6% in the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. lifted its holdings in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares in the last quarter. Versant Capital Management Inc lifted its holdings in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after purchasing an additional 557 shares in the last quarter. Amundi boosted its stake in KB Home by 29.6% during the 4th quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after purchasing an additional 201 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Home in the third quarter valued at about $59,000. 96.09% of the stock is owned by hedge funds and other 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.