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

Shares of KB Home (NYSE:KBH) have received a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $77.27.

A number of research firms have recently commented on KBH. Wedbush increased their target price on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America increased their target price on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. The Goldman Sachs Group raised their price target on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company raised their price objective on KB Home from $70.00 to $80.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Finally, Evercore ISI raised their price objective on KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC purchased a new stake in shares of KB Home in the first quarter valued at approximately $60,000. Plato Investment Management Ltd boosted its stake in shares of KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after acquiring an additional 452 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in KB Home by 625.3% during the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after buying an additional 963 shares during the last quarter. Manchester Capital Management LLC boosted its stake in KB Home by 134.4% during the first quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock worth $81,000 after buying an additional 652 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in KB Home during the first quarter worth $120,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

KB Home Stock Up 2.0 %

KBH stock opened at $85.94 on Tuesday. KB Home has a twelve month low of $42.11 and a twelve month high of $89.70. The stock has a market cap of $6.46 billion, a P/E ratio of 11.37, a PEG ratio of 0.89 and a beta of 1.81. The business’s 50-day moving average price is $82.58 and its 200-day moving average price is $73.62.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a return on equity of 15.66% and a net margin of 9.43%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts expect that KB Home will post 8.38 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s dividend payout ratio is currently 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.