KB Home (NYSE:KBH) Given New $46.00 Price Target at Evercore ISI

KB Home (NYSE:KBHGet Rating) had its target price trimmed by Evercore ISI from $50.00 to $46.00 in a research report report published on Thursday morning, The Fly reports. The brokerage currently has an outperform rating on the construction company’s stock.

Other equities research analysts also recently issued research reports about the stock. UBS Group lowered their price objective on shares of KB Home from $66.00 to $45.00 and set a buy rating for the company in a research report on Thursday, June 16th. Bank of America cut shares of KB Home from a buy rating to a neutral rating and set a $34.00 target price for the company. in a report on Thursday, August 25th. KeyCorp upgraded shares of KB Home from an underweight rating to a sector weight rating in a report on Monday. Credit Suisse Group cut shares of KB Home from an outperform rating to a neutral rating and reduced their target price for the stock from $42.00 to $35.00 in a report on Monday, July 11th. Finally, Wedbush reduced their target price on shares of KB Home from $60.00 to $44.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, KB Home has a consensus rating of Moderate Buy and an average target price of $39.00.

KB Home Stock Down 5.1 %

Shares of KBH stock opened at $26.60 on Thursday. The firm has a fifty day moving average of $30.51 and a 200-day moving average of $31.93. KB Home has a 12-month low of $24.78 and a 12-month high of $50.20. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 3.64, a P/E/G ratio of 0.38 and a beta of 1.64.

KB Home (NYSE:KBHGet Rating) last issued its quarterly earnings data on Wednesday, June 22nd. The construction company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.35. KB Home had a net margin of 10.69% and a return on equity of 21.92%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. On average, equities analysts expect that KB Home will post 10.21 EPS for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 3rd. KB Home’s payout ratio is presently 8.22%.

Hedge Funds Weigh In On KB Home

Several large investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its position in shares of KB Home by 1.6% in the second quarter. Thrivent Financial for Lutherans now owns 22,758 shares of the construction company’s stock valued at $648,000 after purchasing an additional 362 shares during the period. Balasa Dinverno & Foltz LLC increased its position in KB Home by 4.0% during the second quarter. Balasa Dinverno & Foltz LLC now owns 9,801 shares of the construction company’s stock worth $279,000 after acquiring an additional 379 shares during the period. Louisiana State Employees Retirement System increased its position in KB Home by 1.8% during the first quarter. Louisiana State Employees Retirement System now owns 22,400 shares of the construction company’s stock worth $766,000 after acquiring an additional 400 shares during the period. Acadian Asset Management LLC increased its position in KB Home by 36.3% during the fourth quarter. Acadian Asset Management LLC now owns 1,601 shares of the construction company’s stock worth $71,000 after acquiring an additional 426 shares during the period. Finally, 180 Wealth Advisors LLC increased its position in KB Home by 4.5% during the first quarter. 180 Wealth Advisors LLC now owns 10,263 shares of the construction company’s stock worth $350,000 after acquiring an additional 442 shares during the period. 91.45% of the stock is owned by institutional investors.

KB Home Company Profile

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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.

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