KB Home (NYSE:KBH) Receives $77.50 Consensus PT from Analysts

Shares of KB Home (NYSE:KBH) have been given a consensus rating of “Hold” by the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $77.50.

A number of research firms have recently commented on KBH. Royal Bank of Canada cut 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. The Goldman Sachs Group boosted their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Bank of America raised their price target on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Wedbush lifted their target price on shares of KB Home from $67.00 to $75.00 and gave the stock 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 boosted their target price for the stock from $80.00 to $83.00 in a report on Monday, October 7th.

KB Home Price Performance

KB Home stock opened at $78.53 on Wednesday. The business’s 50-day moving average price is $82.02 and its 200 day moving average price is $77.19. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.67 and a beta of 1.81. KB Home has a 52 week low of $51.53 and a 52 week high of $89.70.

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

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.25 dividend. 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 1.27%. KB Home’s dividend payout ratio (DPR) 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 on Monday, October 14th. The stock was 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 of the company’s stock, valued at $2,737,156.20. This represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.44% of the company’s stock.

Hedge Funds Weigh In On KB Home

Several hedge funds have recently added to or reduced their stakes in KBH. Financial Management Professionals Inc. purchased a new stake in KB Home in the 3rd quarter valued at $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in KB Home during the 3rd quarter worth approximately $43,000. Banque Cantonale Vaudoise purchased a new position in shares of KB Home in the 3rd quarter valued at approximately $61,000. Plato Investment Management Ltd grew its position in KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after buying an additional 452 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its stake in KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after buying an additional 963 shares during the period. 96.09% of the stock is currently 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.