Wall Street Zen downgraded shares of KB Home (NYSE:KBH – Free Report) from a hold rating to a sell rating in a report issued on Saturday morning,Wall Street Zen reports.
Several other brokerages also recently issued reports on KBH. Citizens Jmp cut their price target on shares of KB Home from $77.00 to $70.00 and set a “market outperform” rating for the company in a report on Wednesday, September 23rd. Truist Financial cut their target price on shares of KB Home from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, September 23rd. Weiss Ratings upgraded KB Home from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 18th. UBS Group reiterated a “buy” rating on shares of KB Home in a research report on Wednesday, September 23rd. Finally, Wells Fargo & Company decreased their target price on KB Home from $52.00 to $50.00 and set an “underweight” rating on the stock in a report on Friday, September 11th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, KB Home presently has an average rating of “Hold” and an average price target of $54.58.
Get Our Latest Stock Report on KB Home
KB Home Stock Performance
KB Home (NYSE:KBH – Get Free Report) last released 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. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. KB Home had a return on equity of 6.56% and a net margin of 4.39%.The company’s revenue was down 20.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. On average, equities analysts forecast that KB Home will post 3.27 earnings per share for the current fiscal year.
KB Home Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, August 6th. KB Home’s dividend payout ratio (DPR) is currently 28.17%.
Insider Buying and Selling at KB Home
In other KB Home news, Director Arthur Collins sold 4,000 shares of KB Home stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $56.96, for a total transaction of $227,840.00. Following the transaction, the director directly owned 9,157 shares in the company, valued at approximately $521,582.72. The trade was a 30.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Albert Z. Praw sold 22,015 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total value of $1,292,280.50. Following the completion of the transaction, the executive vice president directly owned 104,062 shares of the company’s stock, valued at approximately $6,108,439.40. The trade was a 17.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.69% of the stock is owned by insiders.
Institutional Investors Weigh In On KB Home
Hedge funds have recently modified their holdings of the business. Polaris Financial Partners bought a new position in shares of KB Home during the 3rd quarter valued at about $43,000. Cim Investment Management Inc. increased its stake in KB Home by 7.3% during the 2nd quarter. Cim Investment Management Inc. now owns 7,802 shares of the construction company’s stock worth $488,000 after purchasing an additional 528 shares in the last quarter. QRG Capital Management Inc. increased its stake in KB Home by 3.5% during the 2nd quarter. QRG Capital Management Inc. now owns 7,446 shares of the construction company’s stock worth $466,000 after purchasing an additional 252 shares in the last quarter. Van Hulzen Asset Management LLC acquired a new stake in KB Home during the 2nd quarter worth approximately $563,000. Finally, Engineers Gate Manager LP acquired a new stake in KB Home during the 2nd quarter worth approximately $658,000. Institutional investors and hedge funds own 96.09% of the company’s stock.
About KB Home
KB Home is a national homebuilder that designs, constructs and sells single-family homes and townhomes. The company offers homes in a range of floor plans, sizes and price points, with options that allow buyers to personalize features and finishes. Its communities typically include amenities such as parks, open spaces and other neighborhood improvements.
Founded in 1957, KB Home is headquartered in Los Angeles, California. The company serves residential markets across the United States, including Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.
See Also
- Five stocks we like better than KB Home
- Carnival and CarMax Pop on Strong Earnings, but Challenges Remain
- 3 Income Stocks Under $30 That Yield More Than the 10-Year Treasury Note
- 3 AI Winners, 3 Very Different Paths to Higher Margins
- Plexus Is Booming—But Can the Growth Story Last?
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.
