KB Home (NYSE:KBH) Receives $76.63 Consensus Price Target from Brokerages

Shares of KB Home (NYSE:KBH) have earned an average rating of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $76.21.

KBH has been the subject of several research reports. Raymond James reaffirmed an “outperform” rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 14th. Evercore ISI upped their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their price target on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th.

KB Home Stock Performance

KBH opened at $67.15 on Monday. The stock has a market capitalization of $4.92 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.93 and a beta of 1.86. The company’s 50-day simple moving average is $71.27 and its two-hundred day simple moving average is $77.98. KB Home has a 52-week low of $58.15 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Research analysts forecast that KB Home will post 8.5 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

Institutional Investors Weigh In On KB Home

A number of institutional investors have recently added to or reduced their stakes in KBH. Castellan Group boosted its position in shares of KB Home by 3.4% during the 4th quarter. Castellan Group now owns 78,155 shares of the construction company’s stock valued at $5,136,000 after acquiring an additional 2,570 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of KB Home by 31.4% during the 4th quarter. Van ECK Associates Corp now owns 57,954 shares of the construction company’s stock valued at $3,809,000 after acquiring an additional 13,837 shares during the last quarter. Pachira Investments Inc. bought a new position in shares of KB Home during the 4th quarter valued at approximately $212,000. Entropy Technologies LP bought a new position in shares of KB Home during the 4th quarter valued at approximately $618,000. Finally, Kingsview Wealth Management LLC boosted its position in shares of KB Home by 103.4% during the 4th quarter. Kingsview Wealth Management LLC now owns 42,631 shares of the construction company’s stock valued at $2,802,000 after acquiring an additional 21,675 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.