KB Home (NYSE:KBH) Receives $76.21 Consensus Price Target from Brokerages

KB Home (NYSE:KBH) has earned an average rating of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $76.21.

Several equities research analysts recently weighed in on KBH shares. Evercore ISI lifted their price objective on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, January 14th. Bank of America cut 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. Barclays cut their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Raymond James restated an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company cut their target price on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Tuesday, January 28th.

KB Home Trading Down 1.8 %

Shares of KBH opened at $61.01 on Friday. The business has a 50-day moving average of $65.48 and a 200 day moving average of $75.46. KB Home has a fifty-two week low of $59.89 and a fifty-two week high of $89.70. The firm has a market cap of $4.40 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $1.85 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, research analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’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 completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 4.44% of the company’s stock.

Institutional Trading of KB Home

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its position in KB Home by 24.5% in the 3rd quarter. Barclays PLC now owns 196,229 shares of the construction company’s stock worth $16,816,000 after buying an additional 38,638 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in KB Home by 22.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after buying an additional 164,010 shares during the last quarter. Neo Ivy Capital Management bought a new stake in KB Home in the 3rd quarter worth approximately $956,000. Blue Trust Inc. lifted its position in KB Home by 35.9% in the 4th quarter. Blue Trust Inc. now owns 1,727 shares of the construction company’s stock worth $113,000 after buying an additional 456 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company’s stock worth $3,320,000 after buying an additional 7,679 shares during the last quarter. Institutional investors 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.