KB Home (NYSE:KBH) – Analysts at Wedbush upped their Q3 2019 earnings estimates for KB Home in a report issued on Monday. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $0.89 for the quarter, up from their prior estimate of $0.88. Wedbush has a “Neutral” rating and a $30.00 price target on the stock.

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KBH has been the subject of a number of other reports. Zacks Investment Research lowered shares of KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Credit Suisse Group reiterated a “neutral” rating and set a $31.00 target price (up from $25.00) on shares of KB Home in a research report on Thursday, January 11th. Buckingham Research downgraded KB Home from a “neutral” rating to an “underperform” rating and increased their target price for the company from $28.00 to $34.00 in a research report on Friday, January 12th. They noted that the move was a valuation call. Mizuho set a $35.00 target price on KB Home and gave the company a “hold” rating in a research report on Thursday, January 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $33.00 target price on shares of KB Home in a research report on Friday, December 22nd. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.13.

Shares of KBH stock traded up $0.06 on Wednesday, reaching $29.80. 1,424,038 shares of the company’s stock were exchanged, compared to its average volume of 2,570,957. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. KB Home has a twelve month low of $18.83 and a twelve month high of $38.80. The stock has a market cap of $2,529.11, a price-to-earnings ratio of 16.22, a P/E/G ratio of 0.74 and a beta of 1.54.

KB Home (NYSE:KBH) last released its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. KB Home had a net margin of 4.13% and a return on equity of 9.93%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 valued at $137,000 after purchasing an additional 1,947 shares during the last quarter. Strs Ohio purchased a new position in KB Home in the fourth quarter valued at about $162,000. Suntrust Banks Inc. purchased a new position in KB Home in the fourth quarter valued at about $208,000. DAVENPORT & Co LLC purchased a new position in KB Home in the fourth quarter valued at about $244,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in KB Home in the fourth quarter worth about $245,000. Institutional investors own 95.66% of the company’s stock.

In other news, CFO Jeff Kaminski sold 125,000 shares of the firm’s 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 transaction, the chief financial officer now owns 237,775 shares in the company, valued at $7,734,820.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Thomas F. Norton sold 47,179 shares of the firm’s 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 transaction, the senior vice president now owns 103,562 shares in the company, valued at approximately $3,139,999.84. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.10 annualized dividend and a dividend yield of 0.34%. KB Home’s dividend payout ratio is currently 5.46%.

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About KB Home

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.

Earnings History and Estimates for KB Home (NYSE:KBH)

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