KB Home (NYSE:KBH) had its price objective decreased by Wedbush from $26.00 to $23.00 in a report issued on Thursday. Wedbush currently has a hold rating on the construction company’s stock. Wedbush also issued estimates for KB Home’s Q3 2019 earnings at $0.95 EPS, Q4 2019 earnings at $1.18 EPS, FY2019 earnings at $3.05 EPS and FY2020 earnings at $3.34 EPS.
Other equities analysts have also issued reports about the stock. Bank of America raised their price target on shares of KB Home from $37.00 to $38.00 and gave the stock a buy rating in a research report on Wednesday, September 26th. Barclays lowered their price target on shares of KB Home from $27.00 to $21.00 and set an equal weight rating on the stock in a research report on Thursday. ValuEngine raised shares of KB Home from a sell rating to a hold rating in a research report on Tuesday, August 28th. Credit Suisse Group lowered their price target on shares of KB Home from $29.00 to $27.00 and set a hold rating on the stock in a research report on Wednesday, September 26th. Finally, MKM Partners set a $32.00 price target on shares of KB Home and gave the stock a hold rating in a research report on Wednesday, September 26th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $27.05.
NYSE:KBH traded up $1.38 during mid-day trading on Thursday, reaching $18.99. 5,543,897 shares of the company’s stock were exchanged, compared to its average volume of 2,657,667. KB Home has a one year low of $16.82 and a one year high of $38.80. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 10.26, a P/E/G ratio of 0.42 and a beta of 1.54.
KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 25th. The construction company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. KB Home had a net margin of 3.43% and a return on equity of 13.96%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the firm earned $0.51 earnings per share. KB Home’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts anticipate that KB Home will post 2.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $0.10 dividend on an annualized basis and a yield of 0.53%. KB Home’s payout ratio is 5.41%.
In other KB Home news, SVP William R. Hollinger sold 79,564 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $23.96, for a total transaction of $1,906,353.44. Following the sale, the senior vice president now directly owns 234,539 shares in the company, valued at $5,619,554.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. grew its stake in KB Home by 0.8% during the third quarter. BlackRock Inc. now owns 10,413,684 shares of the construction company’s stock worth $248,990,000 after buying an additional 79,827 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in KB Home by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,847,786 shares of the construction company’s stock worth $68,090,000 after buying an additional 63,964 shares in the last quarter. Northern Trust Corp grew its stake in KB Home by 5.7% during the second quarter. Northern Trust Corp now owns 2,047,845 shares of the construction company’s stock worth $55,784,000 after buying an additional 109,984 shares in the last quarter. Prudential Financial Inc. grew its stake in KB Home by 283.4% during the third quarter. Prudential Financial Inc. now owns 1,289,413 shares of the construction company’s stock worth $30,829,000 after buying an additional 953,079 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in KB Home by 6.2% during the third quarter. Renaissance Technologies LLC now owns 1,241,700 shares of the construction company’s stock worth $29,689,000 after buying an additional 72,600 shares in the last quarter. Hedge funds and other institutional investors own 82.89% of the company’s stock.
KB Home Company Profile
KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.
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