Barclays set a $27.00 price target on KB Home (NYSE:KBH) in a research report released on Friday morning, MarketBeat Ratings reports. The firm currently has an underweight rating on the construction company’s stock.
KBH has been the topic of a number of other research reports. JPMorgan Chase & Co. reiterated an underweight rating and set a $27.00 price objective (up previously from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Keefe, Bruyette & Woods reiterated a hold rating and set a $33.00 price objective on shares of KB Home in a research note on Friday, December 22nd. Buckingham Research lowered shares of KB Home from a neutral rating to an underperform rating and lifted their price objective for the company from $28.00 to $34.00 in a research note on Friday, January 12th. They noted that the move was a valuation call. Credit Suisse Group reiterated a neutral rating and set a $38.00 price objective (up previously from $31.00) on shares of KB Home in a research note on Monday, January 22nd. They noted that the move was a valuation call. Finally, Royal Bank of Canada lifted their price objective on shares of KB Home to $40.00 and gave the company a sector perform rating in a research note on Monday, January 15th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $30.19.
KB Home (KBH) traded up $0.68 on Friday, hitting $29.52. 5,645,039 shares of the stock were exchanged, compared to its average volume of 1,808,820. The stock has a market capitalization of $2,502.22, a price-to-earnings ratio of 34.33, a P/E/G ratio of 0.73 and a beta of 1.54. KB Home has a 12 month low of $18.83 and a 12 month high of $38.80. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Thursday, February 8th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.34%. KB Home’s dividend payout ratio (DPR) is presently 11.63%.
In other KB Home news, SVP Thomas F. Norton sold 47,179 shares of KB Home stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total value of $1,430,467.28. Following the completion of the transaction, the senior vice president now owns 103,562 shares of the company’s stock, valued at $3,139,999.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jeff Kaminski sold 125,000 shares of KB Home stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the completion of the transaction, the chief financial officer now directly owns 237,775 shares of the company’s stock, valued at approximately $7,734,820.75. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC boosted its holdings in KB Home by 1.1% in the fourth quarter. Teachers Advisors LLC now owns 156,448 shares of the construction company’s stock worth $4,999,000 after purchasing an additional 1,676 shares during the period. SignalPoint Asset Management LLC boosted its holdings in KB Home by 6.3% in the fourth quarter. SignalPoint Asset Management LLC now owns 30,886 shares of the construction company’s stock worth $987,000 after purchasing an additional 1,835 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in KB Home by 83.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after purchasing an additional 1,947 shares during the period. ING Groep NV boosted its holdings in KB Home by 24.4% in the fourth quarter. ING Groep NV now owns 12,701 shares of the construction company’s stock worth $406,000 after purchasing an additional 2,495 shares during the period. Finally, Rhumbline Advisers boosted its holdings in KB Home by 1.5% in the third quarter. Rhumbline Advisers now owns 174,535 shares of the construction company’s stock worth $4,210,000 after purchasing an additional 2,649 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.
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KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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