KB Home (NYSE:KBH) Receives Consensus Rating of “Hold” from Analysts

KB Home (NYSE:KBH) has been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $77.50.

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada downgraded shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective for the company. in a research report on Thursday, September 5th. Evercore ISI upped their target price on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Barclays lifted their price target on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Wedbush upped their price objective on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company cut KB Home from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $80.00 to $83.00 in a research note on Monday, October 7th.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.44% of the company’s stock.

Institutional Investors Weigh In On KB Home

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its position in shares of KB Home by 17.2% in the third quarter. Nisa Investment Advisors LLC now owns 6,407 shares of the construction company’s stock valued at $549,000 after purchasing an additional 942 shares in the last quarter. Riggs Asset Managment Co. Inc. bought a new position in KB Home in the 3rd quarter worth about $43,000. State of Alaska Department of Revenue grew its holdings in KB Home by 5.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 8,370 shares of the construction company’s stock valued at $717,000 after buying an additional 395 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of KB Home during the third quarter valued at about $32,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of KB Home by 0.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after buying an additional 161 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Down 0.8 %

Shares of NYSE:KBH opened at $78.05 on Friday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.67 and a beta of 1.81. The business’s 50 day moving average is $82.78 and its 200 day moving average is $75.44. KB Home has a 12-month low of $42.27 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. KB Home’s revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. As a group, equities research analysts expect that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.28%. 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.