Brokerages Set KB Home (NYSE:KBH) Price Target at $59.50

KB Home (NYSE:KBH) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $59.50.

A number of research firms have recently commented on KBH. Bank of America cut 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 note on Wednesday, March 25th. Zacks Research lowered shares of KB Home from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 23rd. Citizens Jmp assumed coverage on KB Home in a report on Tuesday, March 24th. They issued an “outperform” rating and a $77.00 price objective on the stock. Barclays cut their price objective on KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, March 25th. Finally, Wells Fargo & Company decreased their target price on KB Home from $55.00 to $50.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th.

Institutional Investors Weigh In On KB Home

A number of hedge funds have recently modified their holdings of the business. First Horizon Corp boosted its position in KB Home by 178.9% during 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 lifted its stake in KB Home by 73.1% in the 4th 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. Fulcrum Asset Management LLP purchased a new position in KB Home in the 3rd quarter worth approximately $36,000. Jones Financial Companies Lllp boosted its holdings in shares of KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after purchasing an additional 240 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new stake in shares of KB Home in the fourth quarter valued at approximately $46,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Trading Down 0.9%

Shares of NYSE:KBH opened at $51.29 on Friday. KB Home has a 1 year low of $48.90 and a 1 year high of $68.71. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 7.96 and a beta of 1.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.20 and a quick ratio of 0.20. The business’s 50 day moving average price is $58.54 and its 200-day moving average price is $60.47.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The firm’s revenue was down 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.49 EPS. On average, equities research analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were issued a $0.25 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. KB Home’s dividend payout ratio (DPR) is presently 20.37%.

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.