Brokerages Set KB Home (NYSE:KBH) PT at $60.17

Shares of KB Home (NYSE:KBH) have been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $60.1667.

KBH has been the subject of several research reports. Citigroup reiterated a “market outperform” rating on shares of KB Home in a report on Wednesday, June 17th. Truist Financial raised their price target on KB Home from $50.00 to $56.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Zacks Research upgraded KB Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Seaport Research Partners reissued a “sell” rating and set a $43.00 target price (down from $65.00) on shares of KB Home in a report on Tuesday, April 7th. Finally, Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th.

KB Home Price Performance

Shares of KBH opened at $54.98 on Friday. The company has a 50 day simple moving average of $55.30 and a two-hundred day simple moving average of $55.63. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71. The firm has a market cap of $3.37 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 9.11 and a beta of 1.35.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a return on equity of 7.67% and a net margin of 4.94%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. The company’s revenue for the quarter was down 27.3% on a year-over-year basis. On average, sell-side analysts anticipate that KB Home will post 3.3 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.8%. KB Home’s dividend payout ratio is presently 34.84%.

Hedge Funds Weigh In On KB Home

Several institutional investors and hedge funds have recently bought and sold shares of KBH. Bessemer Group Inc. boosted its position in shares of KB Home by 80.0% during the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after purchasing an additional 220 shares during the period. Eastern Bank purchased a new position in shares of KB Home in the 2nd quarter valued at about $26,000. First Horizon Corp lifted its stake in KB Home by 178.9% in the fourth quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after acquiring an additional 322 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of KB Home by 73.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after purchasing an additional 250 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new stake in shares of KB Home during the 3rd quarter worth about $36,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Company Profile

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.