Shares of KB Home (NYSE:KBH – Get Free Report) have earned a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $60.1667.
KBH has been the topic of several research reports. Barclays upped their target price on KB Home from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Wells Fargo & Company boosted their price target on KB Home from $50.00 to $52.00 and gave the company an “underweight” rating in a research note on Wednesday, June 24th. UBS Group upped their price objective on KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Zacks Research upgraded KB Home from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Wall Street Zen raised KB Home from a “sell” rating to a “hold” rating in a report on Saturday, June 27th.
Check Out Our Latest Report on KBH
KB Home Stock Performance
KB Home (NYSE:KBH – Get Free Report) last released its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The firm’s revenue was down 27.3% compared to the same quarter last year. As a group, analysts predict that KB Home will post 3.3 EPS for the current fiscal year.
KB Home Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, August 6th. KB Home’s dividend payout ratio (DPR) is currently 34.84%.
Institutional Trading of KB Home
Institutional investors have recently bought and sold shares of the business. Eastern Bank acquired a new stake in shares of KB Home in the second quarter valued at approximately $26,000. Bessemer Group Inc. grew its position in KB Home by 80.0% during the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after buying an additional 220 shares in the last quarter. First Horizon Corp increased its stake in KB Home by 178.9% during the 4th quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after acquiring an additional 322 shares during the period. Parkside Financial Bank & Trust increased its stake in KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after acquiring an additional 250 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new position in KB Home in the 3rd quarter valued at $36,000. Institutional investors own 96.09% of the company’s stock.
About KB Home
KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.
At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.
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