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

Shares of KB Home (NYSE:KBH) have been assigned a consensus rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $75.21.

A number of research analysts have issued reports on KBH shares. Bank of America decreased their price target on KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, January 27th. Seaport Res Ptn upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. UBS Group dropped their price target on shares of KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Raymond James reiterated an “outperform” rating and issued a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods dropped their target price on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research report on Friday, January 17th.

KB Home Stock Performance

Shares of NYSE KBH opened at $60.54 on Tuesday. The company has a 50 day simple moving average of $64.53 and a two-hundred day simple moving average of $73.68. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.90 and a beta of 1.89. 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 has a 12 month low of $59.00 and a 12 month high of $89.70.

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

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a $0.25 dividend. The ex-dividend date was Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.65%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insider Buying and Selling

In other 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 transaction of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On KB Home

A number of institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares during the last quarter. Principal Securities Inc. grew its position in KB Home by 43.6% in the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after acquiring an additional 179 shares during the period. Versant Capital Management Inc increased its stake in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares during the last quarter. Amundi raised its position in KB Home by 29.6% in the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after purchasing an additional 201 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of KB Home in the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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.