KB Home (NYSE:KBH) Receives $59.17 Average Price Target from Analysts

Shares of KB Home (NYSE:KBH) have been given a consensus rating of “Hold” by the fifteen brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $59.1667.

Several research analysts have commented on KBH shares. Citizens Jmp started coverage on shares of KB Home in a report on Tuesday, March 24th. They issued an “outperform” rating and a $77.00 target price for the company. Royal Bank Of Canada decreased their target price on shares of KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. UBS Group decreased their target price on shares of KB Home from $71.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Seaport Research Partners reiterated a “sell” rating and issued a $43.00 target price (down from $65.00) on shares of KB Home in a report on Tuesday, April 7th. Finally, Bank of America decreased their target price on shares of KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th.

KB Home Trading Up 2.1%

NYSE:KBH opened at $48.02 on Friday. KB Home has a twelve month low of $44.03 and a twelve month high of $68.71. The company has a 50-day moving average of $51.38 and a 200-day moving average of $57.61. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 8.31 and a beta of 1.42.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm posted $1.49 EPS. The business’s revenue for the quarter was down 22.6% on a year-over-year basis. On average, research analysts forecast that KB Home will post 3.1 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Thursday, May 7th. KB Home’s dividend payout ratio (DPR) is presently 25.38%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KBH. Bessemer Group Inc. lifted its position in shares of KB Home by 80.0% in the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. First Horizon Corp increased its stake in KB Home by 178.9% in the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock valued at $28,000 after buying an additional 322 shares during the period. Parkside Financial Bank & Trust increased its stake in KB Home by 73.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after buying an additional 250 shares during the period. Fulcrum Asset Management LLP acquired a new position in KB Home in the 3rd quarter valued at approximately $36,000. Finally, Aventura Private Wealth LLC acquired a new position in KB Home in the 4th quarter valued at approximately $46,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

About KB Home

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.