KB Home (NYSE:KBH) Receives $76.21 Consensus PT from Analysts

Shares of KB Home (NYSE:KBH) have been given an average rating of “Hold” by the thirteen analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $76.21.

Several research firms recently weighed in on KBH. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their price objective for the stock from $70.00 to $67.00 in a report on Friday, January 10th. JPMorgan Chase & Co. decreased their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Evercore ISI boosted their price objective on KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 14th. Barclays decreased their target price on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Raymond James reiterated an “outperform” rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st.

KB Home Stock Performance

Shares of KBH stock opened at $63.18 on Friday. The company has a market cap of $4.56 billion, a P/E ratio of 7.46, 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 company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average of $65.83 and a two-hundred day moving average of $75.77.

KB Home (NYSE:KBH) last posted its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating 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 return on equity of 16.46% and a net margin of 9.45%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business posted $1.85 earnings per share. As a group, analysts anticipate 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 was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s payout ratio is 11.81%.

Insider Activity at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.44% of the company’s stock.

Institutional Investors Weigh In On KB Home

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KBH. FMR LLC boosted its stake in shares of KB Home by 47.9% in 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. Holocene Advisors LP acquired a new position in shares of KB Home in the 3rd quarter valued at $89,899,000. Norges Bank acquired a new stake in shares of KB Home during the fourth quarter worth $49,638,000. Hennessy Advisors Inc. bought a new stake in KB Home in the fourth quarter valued at about $44,118,000. Finally, Two Sigma Advisers LP boosted its holdings in KB Home by 4,408.6% during the fourth quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company’s stock worth $34,372,000 after buying an additional 511,400 shares during the last quarter. Institutional investors and hedge funds 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.