Brokerages Set KB Home (NYSE:KBH) Price Target at $75.21

Shares of KB Home (NYSE:KBH) have earned a consensus rating of “Hold” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $75.21.

Several research firms have weighed in on KBH. Wells Fargo & Company lowered their price target on KB Home from $65.00 to $63.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. 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. Barclays lowered their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods reduced their target price on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a research note on Friday, January 17th. Finally, UBS Group reduced their target price on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th.

KB Home Stock Down 0.5 %

Shares of KB Home stock opened at $61.21 on Tuesday. The firm has a market cap of $4.37 billion, a PE ratio of 7.23, a P/E/G ratio of 0.90 and a beta of 1.89. KB Home has a 52-week low of $59.00 and a 52-week high of $89.70. The business’s 50 day simple moving average is $64.29 and its 200 day simple moving average is $73.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.08. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 EPS. On average, analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.63%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insider Activity at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 4.44% of the stock is currently owned by corporate insiders.

Institutional Trading of KB Home

Several institutional investors have recently added to or reduced their stakes in KBH. Jones Financial Companies Lllp lifted its position in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after acquiring an additional 214 shares during the period. Principal Securities Inc. grew its holdings in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Home during the 3rd quarter worth $59,000. Banque Cantonale Vaudoise acquired a new stake in shares of KB Home during the 3rd quarter worth $61,000. Finally, Versant Capital Management Inc grew its holdings in shares of KB Home by 275.7% during the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares in the last quarter. 96.09% of the stock is currently owned by 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.