Analysts Set KB Home (NYSE:KBH) PT at $76.21

KB Home (NYSE:KBH) has been assigned an average rating of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $76.21.

Several equities research analysts have recently commented on the company. Royal Bank of Canada upgraded KB Home from an “underperform” rating to a “sector perform” rating and cut their price target for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Barclays lowered their target price on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Bank of America reduced their price objective on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. UBS Group dropped their target price on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods decreased their price target on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. This represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 4.44% of the company’s stock.

Institutional Trading of KB Home

A number of institutional investors have recently modified their holdings of KBH. FMR LLC boosted its holdings in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock worth $463,690,000 after acquiring an additional 1,752,498 shares during the period. State Street Corp grew its stake in shares of KB Home by 1.3% during the third quarter. State Street Corp now owns 3,539,328 shares of the construction company’s stock valued at $303,285,000 after acquiring an additional 45,311 shares in the last quarter. Invesco Ltd. increased its holdings in KB Home by 2.4% during the 4th quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company’s stock worth $157,529,000 after purchasing an additional 56,142 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of KB Home by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company’s stock valued at $149,928,000 after purchasing an additional 75,143 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of KB Home by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company’s stock valued at $166,125,000 after buying an additional 16,593 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Trading Up 3.4 %

Shares of NYSE:KBH opened at $63.18 on Friday. The company has a current ratio of 5.51, a quick ratio of 0.83 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $65.83 and its two-hundred day moving average is $75.77. The company has a market cap of $4.56 billion, a PE ratio of 7.46, a P/E/G ratio of 0.90 and a beta of 1.86. KB Home has a 52 week low of $59.89 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.85 earnings per share. Equities analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.58%. The ex-dividend date was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is 11.81%.

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.