KB Home (NYSE:KBH) Given Average Rating of “Hold” by Brokerages

Shares of KB Home (NYSE:KBH) have earned an average rating of “Hold” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $66.77.

A number of analysts recently weighed in on KBH shares. Wall Street Zen cut shares of KB Home from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Evercore ISI cut their price objective on shares of KB Home from $77.00 to $70.00 and set an “outperform” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods decreased their target price on shares of KB Home from $76.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, March 26th. Bank of America lowered their price objective on shares of KB Home from $58.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group lowered their price objective on shares of KB Home from $81.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th.

Insider Transactions at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $54.38, for a total transaction of $271,900.00. Following the completion of the sale, the director now owns 10,262 shares of the company’s stock, valued at $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.89% of the company’s stock.

Institutional Trading of KB Home

Several hedge funds have recently added to or reduced their stakes in KBH. Harbor Capital Advisors Inc. raised its stake in KB Home by 73.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company’s stock valued at $35,000 after purchasing an additional 258 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after purchasing an additional 214 shares during the period. Principal Securities Inc. raised its position in shares of KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after buying an additional 179 shares during the last quarter. Sachetta LLC lifted its stake in shares of KB Home by 3,142.9% in the first quarter. Sachetta LLC now owns 681 shares of the construction company’s stock valued at $40,000 after buying an additional 660 shares during the period. Finally, Banque Cantonale Vaudoise bought a new stake in shares of KB Home in the first quarter valued at about $40,000. Institutional investors own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of NYSE KBH opened at $51.74 on Thursday. The company has a quick ratio of 0.56, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average price is $52.94 and its two-hundred day moving average price is $59.74. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70. The stock has a market capitalization of $3.71 billion, a P/E ratio of 6.85, a P/E/G ratio of 3.96 and a beta of 1.35.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.15 EPS. As a group, sell-side analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Thursday, May 8th. KB Home’s dividend payout ratio is currently 13.25%.

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.