KB Home (NYSE:KBH) Receives $77.50 Average Price Target from Brokerages

Shares of KB Home (NYSE:KBH) have earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $77.50.

A number of research analysts have weighed in on KBH shares. Barclays upped their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group upped their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Wells Fargo & Company downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. Bank of America upped their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, Wedbush upped their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s 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 sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.44% of the stock is owned by corporate insiders.

Institutional Trading of KB Home

Large investors have recently bought and sold shares of the business. FMR LLC grew its stake in shares of KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after buying an additional 1,752,498 shares during the period. State Street Corp grew its stake in shares of KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after buying an additional 45,311 shares during the period. Fisher Asset Management LLC grew its stake in shares of KB Home by 3.4% in the 3rd quarter. Fisher Asset Management LLC now owns 2,206,172 shares of the construction company’s stock valued at $189,047,000 after buying an additional 73,051 shares during the period. American Century Companies Inc. grew its stake in shares of KB Home by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock valued at $118,244,000 after buying an additional 147,326 shares during the period. Finally, LSV Asset Management grew its stake in shares of KB Home by 118.4% in the 2nd quarter. LSV Asset Management now owns 1,056,400 shares of the construction company’s stock valued at $74,138,000 after buying an additional 572,800 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

NYSE KBH opened at $78.54 on Wednesday. The company has a market capitalization of $5.76 billion, a PE ratio of 10.07, a P/E/G ratio of 0.67 and a beta of 1.81. The company has a fifty day moving average of $82.03 and a 200 day moving average of $77.02. KB Home has a 1 year low of $51.53 and a 1 year high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings data 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). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the company posted $1.80 EPS. Research analysts expect that KB Home will post 8.44 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.27%. KB Home’s dividend payout ratio is presently 12.82%.

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.