Analysts Set KB Home (NYSE:KBH) Price Target at $76.63

KB Home (NYSE:KBH) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $76.21.

A number of equities research analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their price objective on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 target price (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their target price on shares of KB Home from $70.00 to $65.00 and set an “underweight” rating on the stock in a research note on Tuesday.

KB Home Price Performance

Shares of KB Home stock opened at $67.15 on Monday. KB Home has a 1 year low of $58.15 and a 1 year high of $89.70. The firm has a market cap of $4.92 billion, a PE ratio of 7.93, a PEG ratio of 0.93 and a beta of 1.86. The company has a 50 day simple moving average of $71.27 and a two-hundred day simple moving average of $77.98.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.85 earnings per share. As a group, research analysts anticipate that KB Home will post 8.5 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, February 6th. KB Home’s payout ratio is currently 11.81%.

Institutional Trading of KB Home

Hedge funds have recently modified their holdings of the business. Financial Management Professionals Inc. bought a new position in KB Home in the 3rd quarter worth about $32,000. Riggs Asset Managment Co. Inc. bought a new position in KB Home in the 3rd quarter worth about $43,000. Versant Capital Management Inc boosted its stake in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in KB Home in the 3rd quarter worth about $59,000. Finally, Banque Cantonale Vaudoise bought a new position in KB Home in the 3rd quarter worth about $61,000. 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.