KB Home (NYSE:KBH) Receives $77.50 Average PT from Brokerages

KB Home (NYSE:KBH) has been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $77.50.

Several analysts have issued reports on the stock. Wells Fargo & Company downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $80.00 to $83.00 in a report on Monday, October 7th. Wedbush raised their price target on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Bank of America boosted their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Barclays increased their target price on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd.

Insider Activity

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.44% of the company’s stock.

Institutional Trading of KB Home

A number of institutional investors and hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. bought a new position in shares of KB Home during the third quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. acquired a new position in shares of KB Home during the third quarter valued at $43,000. Banque Cantonale Vaudoise acquired a new position in KB Home during the 3rd quarter valued at about $61,000. Plato Investment Management Ltd increased its stake in shares of KB Home by 72.0% during the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after acquiring an additional 452 shares during the period. Finally, Tortoise Investment Management LLC raised its stake in shares of KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after buying an additional 963 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Price Performance

KB Home stock opened at $78.53 on Wednesday. The stock’s 50 day moving average price is $82.02 and its 200 day moving average price is $77.19. KB Home has a 1-year low of $51.53 and a 1-year high of $89.70. The company has a market cap of $5.76 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 0.67 and a beta of 1.81.

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 the consensus estimate of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. KB Home’s revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm earned $1.80 EPS. On average, equities research analysts anticipate that KB Home will post 8.44 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. KB Home’s payout ratio is 12.82%.

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.