KB Home (NYSE:KBH) Receives Consensus Rating of “Hold” from Analysts

Shares of KB Home (NYSE:KBH) have earned a consensus rating of “Hold” from the twelve research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $66.14.

KBH has been the topic of several recent analyst reports. Wells Fargo & Company restated an “underweight” rating and issued a $52.00 price objective (down from $53.00) on shares of KB Home in a report on Tuesday, June 24th. Barclays set a $49.00 price target on KB Home and gave the stock an “equal weight” rating in a research note on Tuesday, June 24th. Keefe, Bruyette & Woods dropped their price objective on KB Home from $65.00 to $58.00 and set a “market perform” rating for the company in a research note on Thursday, June 26th. Wedbush reiterated a “neutral” rating and issued a $75.00 price objective on shares of KB Home in a report on Tuesday, March 25th. Finally, Bank of America lowered their target price on KB Home from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, June 24th.

Insider Transactions at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the sale, the director directly owned 10,262 shares of the company’s stock, valued at approximately $558,047.56. This represents a 32.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, COO Robert V. Mcgibney sold 14,000 shares of the firm’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total transaction of $749,280.00. Following the completion of the sale, the chief operating officer owned 78,345 shares in the company, valued at $4,193,024.40. The trade was a 15.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.89% of the company’s stock.

Hedge Funds Weigh In On KB Home

A number of institutional investors and hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its holdings in KB Home by 73.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company’s stock worth $35,000 after buying an additional 258 shares during the last quarter. Sachetta LLC lifted its stake in KB Home by 3,142.9% during the first quarter. Sachetta LLC now owns 681 shares of the construction company’s stock worth $40,000 after purchasing an additional 660 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in KB Home in the first quarter valued at approximately $40,000. Byrne Asset Management LLC increased its stake in KB Home by 51.8% in the first quarter. Byrne Asset Management LLC now owns 774 shares of the construction company’s stock valued at $45,000 after purchasing an additional 264 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in KB Home by 30.1% in the first quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock valued at $56,000 after purchasing an additional 221 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Price Performance

NYSE:KBH opened at $53.92 on Monday. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The stock’s fifty day moving average is $53.25 and its two-hundred day moving average is $57.88. The company has a market capitalization of $3.67 billion, a P/E ratio of 7.14, a P/E/G ratio of 4.33 and a beta of 1.34. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47.

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

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 7th. KB Home’s payout ratio is presently 13.25%.

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.