KB Home (NYSE:KBH) Receives Average Recommendation of “Hold” from Brokerages

Shares of KB Home (NYSE:KBH) have earned a consensus recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $60.1667.

Several equities analysts recently issued reports on the stock. Citigroup reissued a “market outperform” rating on shares of KB Home in a report on Wednesday, June 17th. Wells Fargo & Company boosted their price target on KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 24th. Zacks Research raised KB Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Citizens Jmp reiterated a “market outperform” rating and issued a $77.00 target price on shares of KB Home in a research note on Wednesday, June 24th. Finally, UBS Group increased their price target on shares of KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th.

Insider Activity

In other KB Home news, EVP Albert Z. Praw sold 22,015 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total value of $1,292,280.50. Following the completion of the sale, the executive vice president directly owned 104,062 shares in the company, valued at approximately $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Arthur Reginald Collins sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the sale, the director directly owned 9,157 shares of the company’s stock, valued at approximately $521,582.72. This represents a 30.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.69% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in KBH. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of KB Home during the second quarter valued at $1,609,000. California State Teachers Retirement System grew its stake in KB Home by 5,315.4% during the 2nd quarter. California State Teachers Retirement System now owns 4,186,082 shares of the construction company’s stock valued at $262,007,000 after purchasing an additional 4,108,783 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of KB Home in the second quarter valued at about $46,000. HB Wealth Management LLC purchased a new position in shares of KB Home in the second quarter worth about $252,000. Finally, AlphaGrep UK Ltd acquired a new stake in shares of KB Home during the second quarter worth about $325,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Stock Down 3.0%

Shares of NYSE KBH opened at $53.24 on Tuesday. KB Home has a twelve month low of $44.03 and a twelve month high of $68.71. The firm has a market cap of $3.26 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 9.10 and a beta of 1.35. The business has a fifty day simple moving average of $57.08 and a two-hundred day simple moving average of $55.03.

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

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.9%. KB Home’s dividend payout ratio (DPR) is presently 34.84%.

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.