KB Home (KBH) Receives $30.27 Consensus Price Target from Analysts

KB Home (NYSE:KBH) has received a consensus recommendation of “Hold” from the nineteen research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $30.27.

Several equities research analysts have recently weighed in on KBH shares. Buckingham Research lowered KB Home from a “neutral” rating to an “underperform” rating and upped 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. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $34.00 price objective on shares of KB Home in a research note on Wednesday, March 21st. Wedbush lowered their price objective on KB Home from $33.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, March 23rd. Credit Suisse Group reiterated a “neutral” rating and issued a $38.00 price objective (up 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, ValuEngine lowered KB Home from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.

KB Home stock traded up $0.58 during trading hours on Thursday, hitting $26.65. The stock had a trading volume of 1,318,884 shares, compared to its average volume of 2,428,264. The stock has a market cap of $2,228.92, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 0.57 and a beta of 1.43. KB Home has a fifty-two week low of $19.94 and a fifty-two week high of $38.80.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Thursday, March 22nd. The construction company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.29 by $0.11. KB Home had a return on equity of 11.16% and a net margin of 2.15%. The firm had revenue of $871.60 million during the quarter, compared to analysts’ expectations of $878.77 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. sell-side analysts expect that KB Home will post 2.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 17th. Investors of record on Thursday, May 3rd will be given a dividend of $0.025 per share. The ex-dividend date is Wednesday, May 2nd. This represents a $0.10 dividend on an annualized basis and a yield of 0.38%. KB Home’s dividend payout ratio (DPR) is presently 5.41%.

In related news, SVP Thomas F. Norton sold 47,179 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total transaction of $1,430,467.28. Following the sale, the senior vice president now directly owns 103,562 shares in the company, valued at approximately $3,139,999.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the sale, the chief financial officer now owns 237,775 shares in the company, valued at $7,734,820.75. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in KB Home by 83.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after acquiring an additional 1,947 shares during the last quarter. Strs Ohio bought a new position in KB Home in the 4th quarter valued at $162,000. Suntrust Banks Inc. bought a new position in KB Home in the 4th quarter valued at $208,000. DAVENPORT & Co LLC bought a new position in KB Home in the 4th quarter valued at $244,000. Finally, Xact Kapitalforvaltning AB bought a new position in KB Home in the 4th quarter valued at $245,000. Institutional investors and hedge funds own 95.00% of the company’s stock.

About KB Home

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

Analyst Recommendations for KB Home (NYSE:KBH)

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