KB Home (NYSE:KBH) Price Target Raised to $73.00 at Evercore ISI

KB Home (NYSE:KBH) had its target price hoisted by Evercore ISI from $70.00 to $73.00 in a research note issued to investors on Thursday,Benzinga reports. Evercore ISI currently has an outperform rating on the construction company’s stock.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada upped their price objective on shares of KB Home from $58.00 to $59.00 and gave the stock a “sector perform” rating in a research report on Thursday. Bank of America lifted their price target on KB Home from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, September 18th. Oppenheimer initiated coverage on KB Home in a research report on Wednesday, September 3rd. They set a “market perform” rating on the stock. Wall Street Zen raised KB Home from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Raymond James Financial boosted their price objective on KB Home from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.23.

KB Home Trading Down 0.4%

Shares of NYSE:KBH opened at $62.14 on Thursday. The company has a current ratio of 5.83, a quick ratio of 0.60 and a debt-to-equity ratio of 0.47. KB Home has a 12-month low of $48.90 and a 12-month high of $86.73. The business has a 50 day moving average of $61.69 and a two-hundred day moving average of $56.94. The company has a market capitalization of $4.23 billion, a PE ratio of 8.73, a PEG ratio of 5.07 and a beta of 1.36.

KB Home (NYSE:KBH) last posted its earnings results on Wednesday, September 24th. The construction company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.11. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The firm had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the firm earned $2.04 EPS. The business’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, August 7th. KB Home’s payout ratio is 13.25%.

Insider Activity

In other news, COO Robert V. Mcgibney sold 14,000 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total value of $749,280.00. Following the completion of the sale, the chief operating officer directly owned 78,345 shares in the company, valued at $4,193,024.40. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.89% of the stock is owned by insiders.

Institutional Trading of KB Home

Large investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its stake in KB Home by 47.8% in the 2nd quarter. Osaic Holdings Inc. now owns 9,707 shares of the construction company’s stock worth $531,000 after purchasing an additional 3,138 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of KB Home by 3.8% in the second quarter. Thrivent Financial for Lutherans now owns 16,890 shares of the construction company’s stock valued at $895,000 after purchasing an additional 619 shares in the last quarter. Cim Investment Management Inc. increased its holdings in shares of KB Home by 100.7% in the second quarter. Cim Investment Management Inc. now owns 15,108 shares of the construction company’s stock valued at $800,000 after purchasing an additional 7,582 shares during the last quarter. Rexford Capital Inc. purchased a new position in KB Home during the second quarter worth approximately $303,000. Finally, FORA Capital LLC acquired a new position in KB Home during the second quarter worth $1,032,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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.