KB Home (NYSE:KBH) Receives Consensus Recommendation of "Hold" from Analysts

Shares of KB Home (NYSE:KBH - Get Free Report) have received an average recommendation of "Hold" from the thirteen analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $77.50.

KBH has been the topic of a number of research analyst reports. Wells Fargo & Company cut KB Home from an "equal weight" rating to an "underweight" rating and lifted their target price for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. Royal Bank of Canada cut KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 price objective for the company. in a research note on Thursday, September 5th. Barclays increased their price objective on KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a report on Wednesday, September 25th. Bank of America upped their price target on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Finally, Wedbush raised their price objective on shares of KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th.

Insider Buying and Selling

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total value of $2,183,500.00. Following the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at approximately $2,737,156.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.44% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. FMR LLC lifted its holdings in KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock valued at $463,690,000 after purchasing an additional 1,752,498 shares in the last quarter. LSV Asset Management boosted its position in KB Home by 118.4% during the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock worth $74,138,000 after acquiring an additional 572,800 shares during the last quarter. Swedbank AB purchased a new stake in KB Home in the 1st quarter worth approximately $13,047,000. WINTON GROUP Ltd raised its holdings in KB Home by 754.7% in the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company's stock valued at $14,512,000 after acquiring an additional 182,595 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of KB Home by 22.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock worth $77,655,000 after purchasing an additional 164,010 shares during the period. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Down 0.8 %

KB Home stock traded down $0.67 during mid-day trading on Wednesday, hitting $78.50. The company had a trading volume of 650,548 shares, compared to its average volume of 1,225,777. KB Home has a 1 year low of $51.53 and a 1 year high of $89.70. The business has a fifty day moving average of $82.07 and a 200 day moving average of $77.00. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 0.68 and a beta of 1.81.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.73 billion. During the same period last year, the business earned $1.80 earnings per share. The company's quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts anticipate that KB Home will post 8.44 earnings per share for the current year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. KB Home's dividend payout ratio is currently 12.82%.

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.