KB Home (NYSE:KBH) Posts Earnings Results

KB Home (NYSE:KBH) posted its quarterly earnings data on Tuesday. The construction company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01), FiscalAI reports. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.

KB Home Trading Up 0.1%

Shares of KBH stock traded up $0.07 during trading on Tuesday, hitting $52.59. The company’s stock had a trading volume of 2,467,487 shares, compared to its average volume of 1,177,355. The business has a fifty day moving average of $51.22 and a 200-day moving average of $56.12. KB Home has a 52 week low of $44.03 and a 52 week high of $68.71. The company has a market cap of $3.29 billion, a PE ratio of 13.35, a P/E/G ratio of 9.57 and a beta of 1.37.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Thursday, May 7th. KB Home’s payout ratio is presently 25.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC grew its holdings in KB Home by 5.4% during the fourth quarter. Corient Private Wealth LLC now owns 23,088 shares of the construction company’s stock valued at $1,303,000 after purchasing an additional 1,178 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of KB Home by 3.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,753 shares of the construction company’s stock valued at $3,766,000 after buying an additional 2,347 shares during the period. EP Wealth Advisors LLC purchased a new stake in KB Home in the 4th quarter worth approximately $370,000. Empowered Funds LLC boosted its stake in KB Home by 22.4% during the fourth quarter. Empowered Funds LLC now owns 30,328 shares of the construction company’s stock valued at $1,711,000 after buying an additional 5,558 shares during the period. Finally, Vista Investment Management grew its holdings in shares of KB Home by 3.5% during the fourth quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock worth $289,000 after purchasing an additional 175 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America dropped their target price on shares of KB Home from $63.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, March 25th. UBS Group reduced their price target on KB Home from $71.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Seaport Research Partners reissued a “sell” rating and issued a $43.00 price objective (down from $65.00) on shares of KB Home in a research note on Tuesday, April 7th. Barclays reduced their target price on KB Home from $62.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday, March 25th. Finally, The Goldman Sachs Group decreased their price target on KB Home from $65.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.17.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.