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

KB Home (NYSE:KBH) has been given an average rating of “Hold” by the twelve analysts that are currently covering the firm, MarketBeat.com 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 twelve-month price target among brokers that have issued a report on the stock in the last year is $66.11.

Several analysts recently issued reports on KBH shares. Wells Fargo & Company boosted their target price on shares of KB Home from $65.00 to $70.00 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Raymond James boosted their target price on shares of KB Home from $61.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 18th. Royal Bank of Canada boosted their target price on shares of KB Home from $63.00 to $69.00 and gave the company a “sector perform” rating in a research report on Thursday, March 21st. Evercore ISI dropped their price target on shares of KB Home from $82.00 to $78.00 and set an “outperform” rating for the company in a research report on Thursday, March 21st. Finally, Barclays upped their price target on shares of KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd.

Insider Activity

In other news, Director Arthur Reginald Collins sold 5,500 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $60.12, for a total value of $330,660.00. Following 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 available at this hyperlink. In other news, Director Arthur Reginald Collins sold 5,500 shares of the company’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $60.12, for a total value of $330,660.00. Following the transaction, the director now directly owns 9,098 shares in the company, valued at $546,971.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at $2,294,522.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 172,629 shares of company stock valued at $10,675,718. 4.44% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Manchester Capital Management LLC grew its holdings in KB Home by 433.0% during the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock worth $30,000 after acquiring an additional 394 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in shares of KB Home during the first quarter valued at about $41,000. Fifth Third Bancorp raised its position in shares of KB Home by 40.9% in the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after purchasing an additional 270 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of KB Home in the 4th quarter valued at approximately $47,000. Finally, Daiwa Securities Group Inc. purchased a new position in KB Home during the 4th quarter worth approximately $56,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Stock Up 2.1 %

Shares of KBH stock opened at $65.60 on Friday. The company has a 50 day moving average price of $66.19 and a 200-day moving average price of $59.23. KB Home has a 52 week low of $41.33 and a 52 week high of $72.00. The firm has a market capitalization 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 (NYSE:KBH) last announced its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the business posted $1.45 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that KB Home will post 8.01 earnings per share for the current year.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.52%. This is an increase from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio is currently 10.88%.

About KB Home

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.