Analysts Set KB Home (NYSE:KBH) PT at $71.88

Shares of KB Home (NYSE:KBH) have received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $71.88.

A number of brokerages have weighed in on KBH. Royal Bank of Canada lifted their price target on shares of KB Home from $69.00 to $70.00 and gave the company a “sector perform” rating in a research note on Thursday, June 20th. Wedbush increased their price objective on KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. Keefe, Bruyette & Woods upped their price target on KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Evercore ISI lifted their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Zelman & Associates restated an “underperform” rating and set a $69.00 target price on shares of KB Home in a report on Monday, May 13th.

Hedge Funds Weigh In On KB Home

Institutional investors and hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC boosted its stake in KB Home by 433.0% in the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock valued at $30,000 after purchasing an additional 394 shares during the period. Byrne Asset Management LLC acquired a new position in shares of KB Home in the first quarter valued at about $41,000. GAMMA Investing LLC bought a new position in KB Home during the fourth quarter worth about $47,000. Fidelis Capital Partners LLC acquired a new stake in KB Home in the 1st quarter worth about $60,000. Finally, Daiwa Securities Group Inc. acquired a new position in KB Home during the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Price Performance

Shares of KBH stock opened at $80.17 on Monday. The stock has a 50-day moving average of $73.85 and a 200-day moving average of $68.78. The stock has a market cap of $6.03 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.84 and a beta of 1.80. KB Home has a one year low of $42.11 and a one year high of $88.31.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.37. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The firm had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.64 billion. As a group, research analysts anticipate that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, August 8th. KB Home’s dividend payout ratio is 13.23%.

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.