Several other equities analysts have also commented on the stock. Citigroup lowered shares of KB Home from a neutral rating to a sell rating and set a $27.00 price objective on the stock. in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of KB Home from a hold rating to a strong-buy rating and set a $39.00 target price on the stock in a report on Tuesday, January 9th. Royal Bank of Canada reiterated a hold rating and set a $31.00 target price on shares of KB Home in a report on Wednesday, November 15th. JPMorgan Chase & Co. reiterated an underweight rating and set a $27.00 target price (up from $25.50) on shares of KB Home in a report on Tuesday, December 19th. Finally, ValuEngine raised shares of KB Home from a buy rating to a strong-buy rating in a research report on Sunday, December 31st. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $29.07.
KB Home (NYSE KBH) traded up $0.72 during trading hours on Thursday, reaching $30.14. 1,327,361 shares of the company’s stock traded hands, compared to its average volume of 3,321,459. The company has a quick ratio of 1.22, a current ratio of 5.36 and a debt-to-equity ratio of 1.21. The firm has a market cap of $2,560.00, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.75 and a beta of 1.48. KB Home has a 12 month low of $15.96 and a 12 month high of $38.80.
KB Home (NYSE:KBH) last posted its earnings results on Wednesday, January 10th. The construction company reported $0.84 earnings per share for the quarter, beating the 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 for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the business posted $0.40 EPS. KB Home’s revenue was up 17.7% on a year-over-year basis. sell-side analysts anticipate that KB Home will post 2.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Thursday, February 8th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Wednesday, February 7th. KB Home’s dividend payout ratio (DPR) is 5.46%.
In related news, CFO Jeff Kaminski sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the sale, the chief financial officer now owns 237,775 shares in the company, valued at $7,734,820.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in KB Home by 83.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock valued at $137,000 after acquiring an additional 1,947 shares in the last quarter. AllSquare Wealth Management LLC purchased a new stake in shares of KB Home during the third quarter worth about $113,000. Strs Ohio purchased a new stake in shares of KB Home during the fourth quarter worth about $162,000. Suntrust Banks Inc. purchased a new stake in shares of KB Home during the fourth quarter worth about $208,000. Finally, DAVENPORT & Co LLC purchased a new stake in shares of KB Home during the fourth quarter worth about $244,000. Hedge funds and other institutional investors own 97.67% of the company’s stock.
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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.
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