KB Home (NYSE:KBH) Given Consensus Rating of “Hold” by Analysts

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

KBH has been the topic of several research reports. Keefe, Bruyette & Woods cut their price objective on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group reduced their price objective on KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Bank of America lowered their target price on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research note on Monday, January 27th. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their price target for the stock from $70.00 to $67.00 in a research report on Friday, January 10th. Finally, Raymond James reiterated an “outperform” rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st.

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On KB Home

Institutional investors have recently added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in KB Home by 1.7% in the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after acquiring an additional 163 shares during the last quarter. 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 valued at $39,000 after acquiring an additional 179 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of KB Home by 15.3% during the fourth quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after acquiring an additional 194 shares in the last quarter. Amundi boosted its position in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock valued at $58,000 after purchasing an additional 201 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in KB Home by 0.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 206 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Performance

KB Home stock opened at $61.78 on Tuesday. KB Home has a 52 week low of $58.80 and a 52 week high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The stock has a market cap of $4.41 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The stock has a 50 day moving average of $64.17 and a 200-day moving average of $72.95.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.07). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 earnings per share. On average, analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend 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.