KB Home (NYSE:KBH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of KB Home (NYSE:KBH) have been given an average rating of “Hold” by the thirteen brokerages that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $76.21.

A number of brokerages have recently weighed in on KBH. Wells Fargo & Company reduced their price target on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 28th. Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and dropped their price objective for the stock from $70.00 to $67.00 in a report on Friday, January 10th. Seaport Res Ptn upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Barclays dropped their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Bank of America dropped their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

KB Home Trading Down 2.5 %

Shares of NYSE KBH opened at $67.07 on Monday. The company’s fifty day moving average is $70.62 and its 200-day moving average is $77.75. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 0.97 and a beta of 1.86. KB Home has a twelve month low of $58.15 and a twelve month high of $89.70. The company has a quick ratio of 0.34, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

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

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. KB Home’s dividend payout ratio is presently 11.81%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The shares were 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 owns 34,473 shares of the company’s stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.44% of the stock is owned by company insiders.

Institutional Trading of KB Home

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Management Professionals Inc. bought a new stake in shares of KB Home during the 3rd quarter worth about $32,000. Principal Securities Inc. boosted its holdings in KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after purchasing an additional 179 shares during the period. Riggs Asset Managment Co. Inc. bought a new stake in KB Home in the 3rd quarter valued at about $43,000. Versant Capital Management Inc boosted its holdings in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after purchasing an additional 557 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in KB Home in the 3rd quarter valued at about $59,000. 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.