KB Home (KBH) Research Coverage Started at Evercore ISI
Several other brokerages have also weighed in on KBH. Wells Fargo & Co. began coverage on KB Home in a research report on Wednesday, September 28th. They set a market perform rating on the stock. Zacks Investment Research raised KB Home from a hold rating to a buy rating and set a $18.00 target price on the stock in a research report on Monday, July 18th. Argus reaffirmed a hold rating on shares of KB Home in a research report on Monday, July 18th. Buckingham Research lowered KB Home from a buy rating to a neutral rating and set a $18.00 price target on the stock. in a research report on Monday, July 18th. Finally, Wedbush reaffirmed an outperform rating and set a $22.00 price target on shares of KB Home in a research report on Tuesday, October 18th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $15.57.
KB Home (NYSE:KBH) traded up 2.028% during midday trading on Monday, reaching $15.345. The company’s stock had a trading volume of 591,022 shares. The stock has a market cap of $1.30 billion, a P/E ratio of 13.286 and a beta of 2.07. The stock’s 50 day moving average is $15.28 and its 200 day moving average is $15.01. KB Home has a 12-month low of $9.04 and a 12-month high of $16.76.
KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. KB Home had a return on equity of 6.77% and a net margin of 3.31%. The business had revenue of $913.30 million for the quarter. During the same period last year, the business posted $0.23 EPS. KB Home’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that KB Home will post $1.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Investors of record on Thursday, November 3rd will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, November 1st. KB Home’s dividend payout ratio is currently 8.62%.
A number of hedge funds and other institutional investors have recently modified their holdings of KBH. Wedbush Securities Inc. increased its position in shares of KB Home by 2.4% in the third quarter. Wedbush Securities Inc. now owns 12,716 shares of the company’s stock worth $205,000 after buying an additional 300 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of KB Home by 0.4% in the second quarter. Nuveen Asset Management LLC now owns 83,397 shares of the company’s stock worth $1,268,000 after buying an additional 364 shares in the last quarter. Creative Planning increased its position in shares of KB Home by 6.0% in the third quarter. Creative Planning now owns 9,409 shares of the company’s stock worth $152,000 after buying an additional 529 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of KB Home by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 10,689 shares of the company’s stock worth $163,000 after buying an additional 538 shares in the last quarter. Finally, Comerica Bank increased its position in shares of KB Home by 1.1% in the second quarter. Comerica Bank now owns 57,280 shares of the company’s stock worth $901,000 after buying an additional 616 shares in the last quarter. 91.81% of the stock is owned by hedge funds and other institutional investors.
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.
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