KB Home (NYSE:KBH) Receives Average Recommendation of “Hold” from Analysts

Shares of KB Home (NYSE:KBH) have received an average rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $75.21.

KBH has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. UBS Group dropped their target price on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Barclays decreased their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and dropped their price objective for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Finally, Bank of America decreased their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

Insider Activity

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.89% of the company’s stock.

Hedge Funds Weigh In On KB Home

A number of hedge funds have recently modified their holdings of KBH. FMR LLC increased its position in shares of KB Home by 47.9% during the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after purchasing an additional 1,752,498 shares in the last quarter. State Street Corp increased its holdings in shares of KB Home by 1.3% during the third quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock worth $303,285,000 after buying an additional 45,311 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of KB Home by 2.4% in the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company’s stock worth $157,529,000 after acquiring an additional 56,142 shares in the last quarter. Fisher Asset Management LLC grew its position in KB Home by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock worth $149,928,000 after acquiring an additional 75,143 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in KB Home by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock valued at $166,125,000 after purchasing an additional 16,593 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Up 3.4 %

KB Home stock opened at $61.78 on Tuesday. The company has a market capitalization of $4.41 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 1-year low of $58.80 and a 1-year high of $89.70. The firm’s fifty day simple moving average is $64.17 and its 200-day simple moving average is $72.95. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH) last announced 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). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm earned $1.76 EPS. KB Home’s quarterly revenue was down 5.2% on a year-over-year basis. Sell-side analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.62%. KB Home’s dividend payout ratio is currently 11.81%.

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.