KB Home (NYSE:KBH) Receives $80.13 Average PT from Brokerages

KB Home (NYSE:KBH) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $78.96.

Several equities research analysts have recently issued reports on KBH shares. Wells Fargo & Company lowered KB Home from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $80.00 to $83.00 in a research note on Monday, October 7th. Bank of America raised their price objective on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a report on Thursday, September 5th. Wedbush lifted their price target on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, Barclays downgraded KB Home from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $99.00 to $85.00 in a report on Wednesday.

KB Home Stock Down 1.0 %

NYSE KBH opened at $73.53 on Friday. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 0.62 and a beta of 1.81. The business has a 50-day moving average price of $80.04 and a 200-day moving average price of $78.38. KB Home has a twelve month low of $54.94 and a twelve month high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. KB Home’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 earnings per share. Research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.36%. KB Home’s dividend payout ratio (DPR) is currently 12.82%.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,737,156.20. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in shares of KB Home by 12.1% during the 3rd quarter. Franklin Resources Inc. now owns 65,715 shares of the construction company’s stock worth $5,337,000 after purchasing an additional 7,100 shares during the last quarter. Castellan Group boosted its holdings in shares of KB Home by 0.8% during the 3rd quarter. Castellan Group now owns 75,585 shares of the construction company’s stock worth $6,477,000 after purchasing an additional 570 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of KB Home during the 3rd quarter worth approximately $59,000. World Investment Advisors LLC acquired a new position in shares of KB Home during the 3rd quarter worth approximately $1,226,000. Finally, Sanctuary Advisors LLC boosted its holdings in shares of KB Home by 5.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 11,080 shares of the construction company’s stock worth $880,000 after purchasing an additional 545 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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.