Analysts Set KB Home (NYSE:KBH) Price Target at $71.88

Shares of KB Home (NYSE:KBH) have received a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five 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 $71.88.

A number of research analysts have recently weighed in on the stock. Wedbush increased their target price on shares of KB Home from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, June 20th. Keefe, Bruyette & Woods raised their target price on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Zelman & Associates restated an “underperform” rating and issued a $69.00 target price on shares of KB Home in a research note on Monday, May 13th. Evercore ISI lifted their price objective on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada boosted their price objective on KB Home from $69.00 to $70.00 and gave the company a “sector perform” rating in a research note on Thursday, June 20th.

Institutional Trading of KB Home

Hedge funds have recently bought and sold shares of the company. Manchester Capital Management LLC boosted its position in KB Home by 433.0% during the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock valued at $30,000 after buying an additional 394 shares during the period. GAMMA Investing LLC purchased a new stake in KB Home during the 4th quarter valued at about $47,000. Fidelis Capital Partners LLC bought a new position in KB Home during the 1st quarter worth approximately $60,000. Plato Investment Management Ltd increased its stake in KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after purchasing an additional 452 shares during the period. Finally, Tortoise Investment Management LLC lifted its position in KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after purchasing an additional 963 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

NYSE KBH opened at $83.71 on Friday. The company has a fifty day moving average price of $77.65 and a 200-day moving average price of $71.12. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 0.84 and a beta of 1.80. KB Home has a 1 year low of $42.11 and a 1 year high of $88.31.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.78 by $0.37. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.64 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. On average, research analysts anticipate that KB Home will post 8.38 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. KB Home’s payout ratio is 13.23%.

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.