KB Home (NYSE:KBH) Receives Consensus Rating of “Hold” from Brokerages

KB Home (NYSE:KBH) has earned a consensus rating of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $64.3636.

KBH has been the subject of a number of recent analyst reports. Oppenheimer initiated coverage on shares of KB Home in a research note on Wednesday, September 3rd. They issued a “market perform” rating for the company. Evercore ISI set a $65.00 price target on shares of KB Home and gave the company an “in-line” rating in a research note on Tuesday, October 7th. Wall Street Zen upgraded shares of KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. UBS Group reiterated a “buy” rating and issued a $83.00 price target on shares of KB Home in a research note on Thursday, September 25th. Finally, Royal Bank Of Canada increased their price target on shares of KB Home from $58.00 to $59.00 and gave the company a “sector perform” rating in a research note on Thursday, September 25th.

KB Home Price Performance

Shares of KBH stock opened at $62.51 on Wednesday. The stock has a market cap of $4.05 billion, a P/E ratio of 8.28, a P/E/G ratio of 5.17 and a beta of 1.40. The company has a fifty day moving average price of $63.36 and a two-hundred day moving average price of $57.91. KB Home has a one year low of $48.90 and a one year high of $85.66.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.11. The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.59 billion. KB Home had a net margin of 7.92% and a return on equity of 12.91%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.04 earnings per share. As a group, equities research analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, November 13th. KB Home’s dividend payout ratio (DPR) is currently 13.25%.

Institutional Trading of KB Home

Hedge funds have recently modified their holdings of the stock. Sachetta LLC lifted its stake in shares of KB Home by 3,142.9% during the 1st quarter. Sachetta LLC now owns 681 shares of the construction company’s stock worth $40,000 after buying an additional 660 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of KB Home during the 1st quarter worth about $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of KB Home during the 2nd quarter worth about $44,000. Harbor Capital Advisors Inc. lifted its stake in shares of KB Home by 56.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 944 shares of the construction company’s stock worth $60,000 after buying an additional 340 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its stake in shares of KB Home by 30.1% during the 1st quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock worth $56,000 after buying an additional 221 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.