MKM Partners Analysts Give KB Home (KBH) a $13.00 Price Target
KB Home (NYSE:KBH) has been assigned a $13.00 target price by stock analysts at MKM Partners in a note issued to investors on Tuesday. The firm presently has a a “hold” rating on the stock. MKM Partners’ price objective would indicate a potential downside of 18.19% from the stock’s previous close.
Several other analysts also recently issued reports on the company. Wedbush initiated coverage on KB Home in a research note on Monday, September 19th. They issued an “outperform” rating and a $22.00 price target on the stock. Zacks Investment Research raised KB Home from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Monday, July 18th. Buckingham Research raised KB Home from a “neutral” rating to a “buy” rating in a research note on Monday, September 19th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $15.00 price target (up previously from $14.00) on shares of KB Home in a research note on Sunday, June 26th. Finally, Wells Fargo & Co. initiated coverage on KB Home in a research note on Wednesday, September 28th. They issued a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.40.
KB Home (NYSE:KBH) traded down 0.661% during trading on Tuesday, hitting $15.785. The company had a trading volume of 1,228,754 shares. The stock has a market capitalization of $1.34 billion, a PE ratio of 13.667 and a beta of 1.99. The stock has a 50-day moving average of $15.64 and a 200-day moving average of $14.87. KB Home has a one year low of $9.04 and a one year high of $16.76.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The business had revenue of $913.30 million for the quarter. KB Home had a return on equity of 6.77% and a net margin of 3.31%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. On average, equities analysts anticipate that KB Home will post $1.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd will be given a $0.025 dividend. The ex-dividend date is Tuesday, November 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.63%. KB Home’s payout ratio is 8.62%.
In other KB Home news, insider Jeffrey T. Mezger sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $16.47, for a total transaction of $8,235,000.00. Following the completion of the transaction, the insider now directly owns 606,716 shares in the company, valued at $9,992,612.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey T. Mezger sold 230,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the transaction, the chief executive officer now owns 606,716 shares of the company’s stock, valued at $9,968,343.88. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in KBH. LPL Financial LLC purchased a new position in shares of KB Home during the first quarter valued at approximately $2,259,000. Bayesian Capital Management LP purchased a new position in shares of KB Home during the first quarter valued at approximately $441,000. Quadrature Capital Ltd purchased a new position in shares of KB Home during the first quarter valued at approximately $529,000. Lazard Asset Management LLC purchased a new position in shares of KB Home during the first quarter valued at approximately $1,455,000. Finally, Canada Pension Plan Investment Board increased its position in shares of KB Home by 254.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,212,894 shares of the company’s stock valued at $17,320,000 after buying an additional 871,100 shares in the last quarter. Institutional investors and hedge funds own 92.39% of the company’s stock.
KB Home Company Profile
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.
Receive News & Stock Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related stocks with our FREE daily email newsletter.