KB Home (NYSE:KBH) Receives $79.17 Average PT from Analysts

KB Home (NYSE:KBH) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $79.17.

A number of research firms have recently commented on KBH. Wedbush increased their price target on shares of KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Barclays downgraded KB Home from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $99.00 to $85.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. lowered their price target on KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Wells Fargo & Company dropped their price objective on KB Home from $83.00 to $74.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 17th. Finally, Bank of America boosted their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th.

Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. The trade was a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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

A number of hedge funds and other institutional investors have recently bought and sold shares of KBH. Financial Management Professionals Inc. bought a new position in shares of KB Home during the 3rd quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. purchased a new position in KB Home during the third quarter valued at approximately $43,000. Wilmington Savings Fund Society FSB bought a new position in shares of KB Home in the third quarter worth approximately $59,000. Banque Cantonale Vaudoise purchased a new stake in shares of KB Home in the third quarter worth $61,000. Finally, Versant Capital Management Inc raised its position in shares of KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after purchasing an additional 557 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

NYSE:KBH opened at $65.46 on Thursday. The firm has a market cap of $4.80 billion, a P/E ratio of 8.39, a P/E/G ratio of 0.57 and a beta of 1.81. KB Home has a fifty-two week low of $58.05 and a fifty-two week high of $89.70. The firm has a 50-day simple moving average of $75.57 and a two-hundred day simple moving average of $78.10.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.53%. KB Home’s dividend payout ratio (DPR) is 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.