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

KB Home (NYSE:KBH) has earned a consensus recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $77.50.

Several research firms have recently weighed in on KBH. The Goldman Sachs Group raised their target price on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a research note on Thursday, September 5th. Bank of America increased their price objective on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Barclays raised their price objective on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, Wedbush increased their target price on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th.

KB Home Stock Performance

KBH stock opened at $77.81 on Wednesday. KB Home has a one year low of $51.53 and a one year high of $89.70. The firm’s fifty day moving average is $81.96 and its 200 day moving average is $77.35. The firm has a market cap of $5.71 billion, a PE ratio of 9.98, a P/E/G ratio of 0.67 and a beta of 1.81.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 earnings per share. Research analysts predict that KB Home will post 8.44 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.29%. KB Home’s dividend payout ratio is presently 12.82%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.52% of the company’s stock.

Institutional Investors Weigh In On KB Home

A number of hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its stake in shares of KB Home by 57.0% during the first quarter. Janney Montgomery Scott LLC now owns 22,780 shares of the construction company’s stock worth $1,615,000 after buying an additional 8,267 shares during the period. Quantbot Technologies LP purchased a new stake in shares of KB Home during the 1st quarter worth $609,000. Headlands Technologies LLC purchased a new stake in shares of KB Home during the 1st quarter worth $120,000. QRG Capital Management Inc. increased its holdings in KB Home by 463.8% in the first quarter. QRG Capital Management Inc. now owns 26,651 shares of the construction company’s stock valued at $1,889,000 after buying an additional 21,924 shares during the last quarter. Finally, US Bancorp DE raised its stake in KB Home by 1.6% in the first quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock valued at $873,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

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.