KB Home (NYSE:KBH) Trading 6.6% Higher – Still a Buy?

KB Home (NYSE:KBH) traded up 6.6% during trading on Friday . The company traded as high as $61.79 and last traded at $61.7080. 318,027 shares changed hands during trading, a decline of 77% from the average session volume of 1,399,048 shares. The stock had previously closed at $57.87.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KBH shares. JPMorgan Chase & Co. lowered their price target on shares of KB Home from $63.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Oppenheimer began coverage on shares of KB Home in a research report on Wednesday, September 3rd. They issued a “market perform” rating for the company. Wells Fargo & Company lifted their target price on KB Home from $50.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 2nd. Zacks Research upgraded KB Home from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of KB Home in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.36.

KB Home Stock Performance

The business’s 50 day moving average price is $62.01 and its 200-day moving average price is $58.50. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 5.17 and a beta of 1.36.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Wednesday, September 24th. The construction company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the company earned $2.04 earnings per share. KB Home’s quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, November 13th. KB Home’s payout ratio is 13.25%.

Insider Buying and Selling at KB Home

In other KB Home news, EVP Albert Z. Praw sold 20,284 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $60.08, for a total transaction of $1,218,662.72. Following the sale, the executive vice president directly owned 104,062 shares of the company’s stock, valued at approximately $6,252,044.96. This represents a 16.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.89% of the company’s stock.

Institutional Investors Weigh In On KB Home

Institutional investors have recently modified their holdings of the business. Fulcrum Asset Management LLP acquired a new stake in KB Home during the third quarter worth about $36,000. Banque Cantonale Vaudoise bought a new position in shares of KB Home during the first quarter valued at approximately $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of KB Home during the second quarter valued at approximately $44,000. Jones Financial Companies Lllp raised its position in shares of KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after purchasing an additional 240 shares during the period. Finally, Manchester Capital Management LLC lifted its holdings in shares of KB Home by 30.1% in the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock worth $56,000 after purchasing an additional 221 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.

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.