KB Home (NYSE:KBH) Given Average Recommendation of "Hold" by Brokerages

Shares of KB Home (NYSE:KBH - Get Free Report) have been given a consensus rating of "Hold" by the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $71.04.

A number of analysts have recently commented on KBH shares. Raymond James reissued an "outperform" rating and set a $80.00 price target (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Royal Bank of Canada reduced their target price on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a report on Tuesday, March 25th. Wedbush reiterated a "neutral" rating and set a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. JPMorgan Chase & Co. decreased their price objective on KB Home from $82.00 to $74.50 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company lowered their target price on KB Home from $57.00 to $55.00 and set an "underweight" rating for the company in a research report on Monday.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total value of $1,891,175.00. Following the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.89% of the stock is currently owned by corporate insiders.

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Hedge Funds Weigh In On KB Home

Several institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its stake in shares of KB Home by 112.4% in the first quarter. Assenagon Asset Management S.A. now owns 59,131 shares of the construction company's stock valued at $3,437,000 after buying an additional 31,288 shares during the period. SG Americas Securities LLC raised its stake in KB Home by 11.5% in the 1st quarter. SG Americas Securities LLC now owns 10,252 shares of the construction company's stock valued at $596,000 after acquiring an additional 1,057 shares during the period. GAMMA Investing LLC lifted its holdings in KB Home by 64.3% during the first quarter. GAMMA Investing LLC now owns 1,658 shares of the construction company's stock valued at $96,000 after purchasing an additional 649 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in KB Home by 73.7% during the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock worth $35,000 after purchasing an additional 258 shares during the period. Finally, Bank of New Hampshire increased its stake in shares of KB Home by 1.0% in the first quarter. Bank of New Hampshire now owns 33,692 shares of the construction company's stock worth $1,958,000 after purchasing an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Price Performance

Shares of KBH stock traded up $0.06 on Friday, reaching $51.08. The company had a trading volume of 1,328,543 shares, compared to its average volume of 1,312,490. The stock has a market capitalization of $3.65 billion, a PE ratio of 6.03, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The business's 50-day moving average is $60.04 and its 200 day moving average is $69.58. KB Home has a one year low of $48.90 and a one year high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the company posted $1.76 earnings per share. The firm's quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.96%. KB Home's payout ratio is presently 12.20%.

KB Home Company Profile

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.