KB Home (NYSE:KBH) Receives $66.11 Consensus Price Target from Brokerages

Shares of KB Home (NYSE:KBH) have earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $66.11.

Several research analysts have recently issued reports on KBH shares. Keefe, Bruyette & Woods raised their target price on shares of KB Home from $67.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, March 28th. Evercore ISI dropped their target price on shares of KB Home from $82.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, March 21st. JPMorgan Chase & Co. boosted their price target on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Wedbush increased their price objective on KB Home from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, StockNews.com lowered shares of KB Home from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th.

KB Home Stock Up 4.0 %

KB Home stock opened at $68.78 on Friday. The firm has a fifty day simple moving average of $66.59 and a two-hundred day simple moving average of $59.99. KB Home has a twelve month low of $42.11 and a twelve month high of $72.00. The company has a market capitalization of $5.22 billion, a PE ratio of 9.36, a P/E/G ratio of 0.74 and a beta of 1.74.

KB Home (NYSE:KBH) last released its earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. KB Home had a return on equity of 15.78% and a net margin of 9.29%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted $1.45 EPS. KB Home’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts expect that KB Home will post 8.01 earnings per share for the current fiscal year.

KB Home Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.45%. This is an increase from KB Home’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 8th. KB Home’s dividend payout ratio (DPR) is currently 10.88%.

Insiders Place Their Bets

In related news, CFO Jeff Kaminski sold 38,386 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.44% of the company’s stock.

Institutional Investors Weigh In On KB Home

Several institutional investors and hedge funds have recently added to or reduced their stakes in KBH. SG Americas Securities LLC lifted its holdings in shares of KB Home by 5.2% during the 3rd quarter. SG Americas Securities LLC now owns 22,766 shares of the construction company’s stock valued at $1,054,000 after buying an additional 1,126 shares during the period. Harbor Capital Advisors Inc. boosted its position in KB Home by 1.8% in the third quarter. Harbor Capital Advisors Inc. now owns 14,996 shares of the construction company’s stock worth $694,000 after purchasing an additional 272 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of KB Home by 58.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 40,700 shares of the construction company’s stock valued at $1,884,000 after purchasing an additional 15,083 shares during the period. Bailard Inc. increased its position in shares of KB Home by 2.5% during the 3rd quarter. Bailard Inc. now owns 12,100 shares of the construction company’s stock valued at $560,000 after purchasing an additional 300 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of KB Home by 32.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,646 shares of the construction company’s stock worth $1,048,000 after purchasing an additional 5,597 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

About KB Home

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.