KB Home (NYSE:KBH) Receives $64.36 Consensus Price Target from Brokerages

Shares of KB Home (NYSE:KBH) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $64.3636.

A number of equities analysts have issued reports on the stock. Zacks Research upgraded shares of KB Home from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. UBS Group reissued a “buy” rating and set a $83.00 price objective on shares of KB Home in a research report on Thursday, September 25th. Bank of America dropped their target price on shares of KB Home from $67.00 to $62.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of KB Home in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on KB Home from $50.00 to $60.00 and gave the stock an “underweight” rating in a report on Tuesday, September 2nd.

Insider Transactions at KB Home

In other KB Home news, EVP Albert Z. Praw sold 20,284 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $60.08, for a total value of $1,218,662.72. Following the completion of the transaction, the executive vice president owned 104,062 shares in the company, valued at approximately $6,252,044.96. This represents a 16.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.89% of the company’s stock.

Institutional Trading of KB Home

A number of hedge funds have recently modified their holdings of KBH. Campbell & CO Investment Adviser LLC grew its holdings in KB Home by 102.0% in the first quarter. Campbell & CO Investment Adviser LLC now owns 35,931 shares of the construction company’s stock worth $2,088,000 after purchasing an additional 18,139 shares during the period. EP Wealth Advisors LLC purchased a new position in shares of KB Home during the first quarter valued at approximately $450,000. Petrus Trust Company LTA bought a new stake in shares of KB Home in the 1st quarter worth approximately $494,000. SG Americas Securities LLC grew its stake in shares of KB Home by 121.1% in the 2nd quarter. SG Americas Securities LLC now owns 22,663 shares of the construction company’s stock worth $1,200,000 after buying an additional 12,411 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new stake in shares of KB Home in the 2nd quarter worth approximately $245,000. Institutional investors own 96.09% of the company’s stock.

KB Home Trading Up 4.3%

NYSE KBH opened at $63.77 on Friday. The firm has a market cap of $4.13 billion, a PE ratio of 8.45, a price-to-earnings-growth ratio of 5.17 and a beta of 1.36. KB Home has a 1-year low of $48.90 and a 1-year high of $84.38. The stock has a 50-day moving average of $61.81 and a 200-day moving average of $58.74.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm earned $2.04 EPS. The business’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, November 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, November 13th. KB Home’s dividend payout ratio is presently 13.25%.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.