KB Home (NYSE:KBH) Receives Consensus Rating of “Hold” from Brokerages

Shares of KB Home (NYSE:KBH) have earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $76.21.

A number of brokerages recently issued reports on KBH. Bank of America cut their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. cut their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Raymond James reiterated an “outperform” rating and issued a $80.00 target price (down from $93.00) on shares of KB Home in a report on Tuesday, January 21st. Wells Fargo & Company cut their target price on KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a report on Tuesday, January 28th. Finally, Seaport Res Ptn upgraded KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th.

Insider Activity

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

Institutional Investors Weigh In On KB Home

Several large investors have recently made changes to their positions in the business. FMR LLC increased its position in shares of KB Home by 47.9% during the 3rd 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 last quarter. State Street Corp increased its position 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 purchasing an additional 45,311 shares during the last quarter. Invesco Ltd. increased its position in shares of KB Home by 2.4% during the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company’s stock valued at $157,529,000 after purchasing an additional 56,142 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of KB Home by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock valued at $149,928,000 after purchasing an additional 75,143 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of KB Home by 0.9% during 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 purchasing an additional 16,593 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Price Performance

KB Home stock opened at $61.01 on Friday. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 0.90 and a beta of 1.86. KB Home has a 52-week low of $59.89 and a 52-week high of $89.70. The stock’s 50 day moving average price is $65.48 and its two-hundred day moving average price is $75.46. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 EPS. On average, equities analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio is currently 11.81%.

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.