KB Home (KBH) – What Are Investment Firms Saying About This Stock?

Shares of KB Home (NYSE:KBH) have earned an average recommendation of “Hold” from the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $52.23.

A number of research analysts have recently weighed in on KBH shares. UBS Group reissued a “buy” rating on shares of KB Home in a research note 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. Truist Financial decreased their price objective on KB Home from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, September 23rd. The Goldman Sachs Group set a $56.00 price objective on KB Home in a report on Monday, October 12th. Finally, Keefe, Bruyette & Woods cut their target price on KB Home from $65.00 to $54.00 and set a “market perform” rating on the stock in a research note on Monday, October 5th.

KB Home Price Performance

Shares of NYSE:KBH opened at $43.34 on Wednesday. KB Home has a one year low of $40.92 and a one year high of $67.57. The company has a 50 day moving average of $49.42 and a 200-day moving average of $52.22. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 2.21 and a beta of 1.34.

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

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 12th. KB Home’s payout ratio is presently 28.17%.

Insider Activity

In related news, Director Arthur Collins sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total value of $227,840.00. Following the sale, the director directly owned 9,157 shares in the company, valued at $521,582.72. This trade represents a 30.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Albert Z. Praw sold 22,015 shares of KB Home stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total transaction of $1,292,280.50. Following the transaction, the executive vice president directly owned 104,062 shares in the company, valued at $6,108,439.40. The trade was a 17.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.69% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of KB Home during the second quarter worth $1,609,000. Great Lakes Advisors LLC bought a new stake in KB Home in the 2nd quarter valued at $4,470,000. Bank of America Corp DE acquired a new position in KB Home in the 2nd quarter worth $35,377,000. Donald Smith & CO. Inc. acquired a new position in KB Home in the 2nd quarter worth $108,652,000. Finally, SummitTX Capital L.P. acquired a new position in KB Home in the 1st quarter worth $1,771,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

About KB Home

KB Home (NYSE: KBH) is a homebuilder that develops and constructs residential communities across the United States. The company primarily builds single-family homes, along with certain attached homes and townhomes, serving first-time, move-up and active-adult buyers.

KB Home offers a range of home designs, floor plans and personalization options, allowing buyers to select features and finishes during the construction process. Its activities generally include land acquisition and development, home construction, sales and customer support, with homes built in both suburban and urban communities.

Founded in 1957, KB Home operates in markets across Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.