KB Home (NYSE:KBH) Receives Consensus Rating of “Hold” from Brokerages

KB Home (NYSE:KBH) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $66.11.

A number of equities research analysts have recently commented on the company. Wedbush lifted their price objective on KB Home from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods boosted their price target on KB Home from $67.00 to $77.00 and gave the company a “market perform” rating in a research report on Thursday, March 28th. JPMorgan Chase & Co. boosted their price target on KB Home from $68.50 to $70.50 and gave the company a “neutral” rating in a research report on Wednesday, March 27th. Barclays boosted their price target on KB Home from $75.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, The Goldman Sachs Group upped their target price on KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd.

KB Home Stock Performance

Shares of KBH stock opened at $65.60 on Friday. The stock has a fifty day moving average price of $66.19 and a 200 day moving average price of $59.23. The stock has a market cap of $4.98 billion, a PE ratio of 8.93, a P/E/G ratio of 0.73 and a beta of 1.73. KB Home has a 1 year low of $41.33 and a 1 year high of $72.00.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.19. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. KB Home’s revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 earnings per share. As a group, equities research analysts predict that KB Home will post 8.01 earnings per share for the current year.

KB Home Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This is a boost from KB Home’s previous quarterly dividend of $0.20. This represents a $1.00 annualized dividend and a dividend yield of 1.52%. KB Home’s dividend payout ratio (DPR) is 10.88%.

Insider Activity

In other news, Director Arthur Reginald Collins sold 5,500 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.12, for a total transaction of $330,660.00. Following the completion of the sale, the director now directly owns 9,098 shares of the company’s stock, valued at approximately $546,971.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Arthur Reginald Collins sold 5,500 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $60.12, for a total value of $330,660.00. Following the completion of the sale, the director now owns 9,098 shares of the company’s stock, valued at $546,971.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian J. Woram sold 83,272 shares of KB Home stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $60.53, for a total value of $5,040,454.16. Following the sale, the executive vice president now directly owns 156,119 shares of the company’s stock, valued at approximately $9,449,883.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 172,629 shares of company stock worth $10,675,718. 4.44% of the stock is owned by company insiders.

Hedge Funds Weigh In On KB Home

Institutional investors have recently bought and sold shares of the stock. Manchester Capital Management LLC raised its holdings in KB Home by 433.0% during the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock valued at $30,000 after buying an additional 394 shares in the last quarter. Byrne Asset Management LLC bought a new position in KB Home during the first quarter valued at about $41,000. Fifth Third Bancorp increased its stake in shares of KB Home by 40.9% in the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock worth $43,000 after purchasing an additional 270 shares during the period. GAMMA Investing LLC bought a new position in shares of KB Home in the fourth quarter worth about $47,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of KB Home in the fourth quarter worth about $56,000. 96.09% of the stock is currently owned by institutional investors.

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.