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

KB Home (NYSE:KBH) has earned a consensus rating of “Hold” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $60.1667.

A number of equities analysts have recently weighed in on the company. Citigroup reiterated a “market outperform” rating on shares of KB Home in a report on Wednesday, June 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $53.00 price objective on shares of KB Home in a research report on Wednesday, June 24th. UBS Group lifted their price target on shares of KB Home from $63.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Zacks Research upgraded KB Home from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Wells Fargo & Company lifted their target price on KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 24th.

KB Home Stock Up 0.3%

NYSE KBH opened at $54.91 on Tuesday. The business’s fifty day simple moving average is $57.07 and its 200-day simple moving average is $55.14. The firm has a market cap of $3.37 billion, a PE ratio of 19.13, a P/E/G ratio of 9.10 and a beta of 1.35. KB Home has a 52 week low of $44.03 and a 52 week high of $68.71.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, June 23rd. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company posted $1.50 EPS. The company’s revenue for the quarter was down 27.3% compared to the same quarter last year. Research analysts expect that KB Home will post 3.3 EPS for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, August 6th. KB Home’s dividend payout ratio (DPR) is 34.84%.

Insider Activity at KB Home

In related news, EVP Albert Z. Praw sold 22,015 shares of KB Home stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total value of $1,292,280.50. Following the sale, the executive vice president directly owned 104,062 shares in the company, valued at $6,108,439.40. The trade was a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur Reginald Collins sold 4,000 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $56.96, for a total transaction of $227,840.00. Following the transaction, the director directly owned 9,157 shares in the company, valued at approximately $521,582.72. This trade represents a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.69% of the stock is owned by company insiders.

Institutional Investors Weigh In On KB Home

Several hedge funds have recently modified their holdings of KBH. Eastern Bank purchased a new stake in shares of KB Home in the second quarter valued at $26,000. Bessemer Group Inc. boosted 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 acquiring an additional 220 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in KB Home by 73.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after purchasing an additional 250 shares during the period. Fulcrum Asset Management LLP purchased a new stake in KB Home in the third quarter valued at approximately $36,000. Finally, Ameritas Advisory Services LLC acquired a new position in KB Home during the second quarter worth approximately $46,000. 96.09% of the stock is owned by institutional investors and hedge funds.

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.