Analysts Set KB Home (NYSE:KBH) Price Target at $80.13

Shares of KB Home (NYSE:KBH) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $79.92.

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on KB Home from $92.50 to $82.00 and set a “neutral” rating for the company in a research note on Friday. Royal Bank of Canada lowered shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. Bank of America raised 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. Finally, Wedbush boosted their price target 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 Price Performance

KBH opened at $71.42 on Friday. The company has a 50 day simple moving average of $79.83 and a two-hundred day simple moving average of $78.38. The firm has a market cap of $5.24 billion, a P/E ratio of 9.16, a PEG ratio of 0.59 and a beta of 1.81. KB Home has a 1-year low of $58.05 and a 1-year high of $89.70.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the firm posted $1.80 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities analysts anticipate that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Thursday, November 14th. KB Home’s dividend payout ratio (DPR) is 12.82%.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.44% of the company’s stock.

Institutional Trading of KB Home

Institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in shares of KB Home by 12.1% in the third quarter. Franklin Resources Inc. now owns 65,715 shares of the construction company’s stock worth $5,337,000 after buying an additional 7,100 shares during the period. Castellan Group increased its stake in KB Home by 0.8% in the third quarter. Castellan Group now owns 75,585 shares of the construction company’s stock worth $6,477,000 after purchasing an additional 570 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of KB Home during the third quarter worth $59,000. World Investment Advisors LLC purchased a new stake in shares of KB Home during the third quarter valued at $1,226,000. Finally, Sanctuary Advisors LLC grew its holdings in shares of KB Home by 5.2% in the third quarter. Sanctuary Advisors LLC now owns 11,080 shares of the construction company’s stock worth $880,000 after purchasing an additional 545 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

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.