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

KB Home (NYSE:KBH) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $62.9167.

KBH has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of KB Home in a report on Thursday, January 22nd. UBS Group cut their price objective on shares of KB Home from $77.00 to $71.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Raymond James Financial lowered KB Home from an “outperform” rating to a “market perform” rating in a research note on Wednesday, December 24th. Bank of America decreased their target price on KB Home from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd. Finally, Zacks Research downgraded KB Home from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KBH. Hsbc Holdings PLC raised its stake in KB Home by 953.9% during the 4th quarter. Hsbc Holdings PLC now owns 33,776 shares of the construction company’s stock worth $1,920,000 after acquiring an additional 30,571 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of KB Home by 376,300.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,764 shares of the construction company’s stock worth $212,000 after purchasing an additional 3,763 shares during the period. Corient Private Wealth LLC increased its stake in shares of KB Home by 5.4% in the fourth quarter. Corient Private Wealth LLC now owns 23,088 shares of the construction company’s stock worth $1,303,000 after purchasing an additional 1,178 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of KB Home by 3.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,753 shares of the construction company’s stock worth $3,766,000 after purchasing an additional 2,347 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of KB Home during the 4th quarter valued at $370,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Trading Down 1.1%

KB Home stock opened at $57.84 on Tuesday. KB Home has a 52-week low of $48.90 and a 52-week high of $68.71. The company has a market cap of $3.65 billion, a P/E ratio of 11.78, a P/E/G ratio of 7.60 and a beta of 1.47. The company has a quick ratio of 0.53, a current ratio of 5.77 and a debt-to-equity ratio of 0.43. The business has a 50-day simple moving average of $60.77 and a two-hundred day simple moving average of $61.91.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.13. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.66 billion. KB Home had a net margin of 6.88% and a return on equity of 11.40%. The business’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.52 EPS. Analysts predict 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 was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. KB Home’s dividend payout ratio (DPR) is 20.37%.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.