Analysts Set KB Home (NYSE:KBH) Target Price at $77.50

KB Home (NYSE:KBH) has earned an average rating of “Hold” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $77.50.

A number of brokerages recently weighed in on KBH. Wells Fargo & Company downgraded KB Home from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $80.00 to $83.00 in a research report on Monday, October 7th. The Goldman Sachs Group raised their price target on shares of KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Bank of America boosted their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Barclays raised their target price on shares of KB Home from $78.00 to $99.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research report on Thursday, September 5th.

KB Home Stock Performance

NYSE KBH opened at $77.81 on Wednesday. KB Home has a one year low of $51.53 and a one year high of $89.70. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 0.67 and a beta of 1.81. The company’s 50-day simple moving average is $81.96 and its two-hundred day simple moving average is $77.35.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $1.80 EPS. Equities analysts expect that KB Home will post 8.44 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.29%. KB Home’s payout ratio is presently 12.82%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.52% of the company’s stock.

Institutional Trading of KB Home

Several large investors have recently made changes to their positions in the business. FMR LLC lifted its position in KB Home by 47.9% during the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the period. State Street Corp raised its stake in shares of KB Home by 1.3% during 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 last quarter. Fisher Asset Management LLC raised its stake in shares of KB Home by 3.4% during 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 last quarter. Geode Capital Management LLC lifted its holdings in shares of KB Home by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock valued at $166,125,000 after buying an additional 16,593 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock worth $118,244,000 after buying an additional 147,326 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

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.