KB Home (NYSE:KBH) has received an average rating of “Hold” from the nineteen analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $21.92.

A number of brokerages have weighed in on KBH. Zacks Investment Research downgraded shares of KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Royal Bank of Canada reissued a “hold” rating and issued a $31.00 price target on shares of KB Home in a report on Wednesday, November 15th. UBS began coverage on shares of KB Home in a report on Wednesday, October 25th. They issued a “sell” rating and a $24.00 price target for the company. Wedbush downgraded shares of KB Home from an “outperform” rating to a “neutral” rating in a report on Thursday, October 19th. Finally, MKM Partners reissued a “neutral” rating and issued a $26.00 price target (up from $24.00) on shares of KB Home in a report on Monday, October 2nd.

Shares of KB Home (KBH) opened at $30.78 on Friday. The stock has a market cap of $2,653.83, a price-to-earnings ratio of 22.07, a P/E/G ratio of 0.72 and a beta of 1.69. KB Home has a 1-year low of $15.51 and a 1-year high of $31.48.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue was up 24.8% on a year-over-year basis. equities analysts predict that KB Home will post 1.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Thursday, November 2nd were paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Wednesday, November 1st. KB Home’s dividend payout ratio is 7.19%.

In related news, EVP Albert Z. Praw sold 150,000 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $25.85, for a total transaction of $3,877,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian J. Woram sold 49,529 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in KBH. Vanguard Group Inc. increased its position in shares of KB Home by 7.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock worth $165,031,000 after purchasing an additional 492,594 shares in the last quarter. Capital World Investors increased its position in shares of KB Home by 30.1% during the 2nd quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock worth $50,744,000 after purchasing an additional 490,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of KB Home by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock worth $67,196,000 after purchasing an additional 394,584 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of KB Home during the 2nd quarter worth about $8,539,000. Finally, Prudential Financial Inc. increased its position in shares of KB Home by 87.1% during the 2nd quarter. Prudential Financial Inc. now owns 686,878 shares of the construction company’s stock worth $16,464,000 after purchasing an additional 319,814 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

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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.

Analyst Recommendations for KB Home (NYSE:KBH)

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