KB Home (NYSE:KBH) Stock Rated “Hold” by Wall Street Brokerages

KB Home (NYSE:KBH) has received a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $52.08.

Several research firms have weighed in on KBH. The Goldman Sachs Group set a $56.00 target price on KB Home in a research note on Monday, October 12th. Barclays reduced their target price on KB Home from $57.00 to $49.00 and set an “overweight” rating on the stock in a report on Wednesday, September 23rd. Truist Financial decreased their target price on KB Home from $55.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, September 23rd. Zacks Research raised KB Home from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Finally, Royal Bank Of Canada lowered their price target on KB Home from $50.00 to $47.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th.

Institutional Investors Weigh In On KB Home

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in KB Home during the 2nd quarter worth $618,489,000. Donald Smith & CO. Inc. bought a new position in KB Home during the second quarter worth about $108,652,000. Bamco Inc. NY bought a new position in KB Home during the second quarter worth about $37,500,000. Bank of New York Mellon Corp acquired a new position in KB Home in the second quarter valued at about $35,837,000. Finally, Bank of America Corp DE acquired a new position in KB Home in the second quarter valued at about $35,377,000. Institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

Shares of KB Home stock traded down $0.55 on Friday, hitting $47.88. 799,814 shares of the company’s stock traded hands, compared to its average volume of 1,223,900. The firm’s 50-day moving average price is $47.23 and its two-hundred day moving average price is $53.24. The stock has a market capitalization of $2.91 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.36. KB Home has a one year low of $40.92 and a one year high of $67.57.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the business posted $1.61 EPS. The firm’s quarterly revenue was down 20.0% on a year-over-year basis. On average, analysts forecast that KB Home will post 3.26 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Thursday, November 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. KB Home’s payout ratio is currently 28.17%.

About KB Home

KB Home is a U.S. homebuilding company that plans and builds residential communities, primarily offering single-family homes and townhomes. Its homes are designed for a range of buyers, and the company allows customers to personalize aspects of their homes through its built-to-order approach. Founded in 1957 as Kaufman & Broad, the company adopted the KB Home name in 2001. It serves homebuyers in markets across the United States, with operations in Western, Southwestern and Southeastern regions.