KB Home (NYSE:KBH) Given Consensus Rating of "Hold" by Brokerages

Shares of KB Home (NYSE:KBH - Get Free Report) have been assigned an average recommendation of "Hold" from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $76.21.

A number of research firms recently weighed in on KBH. Seaport Res Ptn raised shares of KB Home from a "strong sell" rating to a "hold" rating in a research note on Tuesday, January 14th. Evercore ISI upped their price objective on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods decreased their price target on KB Home from $85.00 to $76.00 and set a "market perform" rating on the stock in a research note on Friday, January 17th. UBS Group cut their price objective on KB Home from $105.00 to $100.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Finally, Bank of America decreased their price objective on shares of KB Home from $76.00 to $71.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th.

Insider Transactions at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction on 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 directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.44% of the company's stock.

Institutional Investors Weigh In On KB Home

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in KB Home by 47.9% during the third quarter. FMR LLC now owns 5,411,255 shares of the construction company's stock worth $463,690,000 after acquiring an additional 1,752,498 shares in the last quarter. State Street Corp boosted its holdings in shares of KB Home by 1.3% in the 3rd quarter. State Street Corp now owns 3,539,328 shares of the construction company's stock valued at $303,285,000 after purchasing an additional 45,311 shares in the last quarter. Invesco Ltd. boosted its stake in KB Home by 2.4% in the fourth quarter. Invesco Ltd. now owns 2,396,967 shares of the construction company's stock valued at $157,529,000 after buying an additional 56,142 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of KB Home by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 2,281,315 shares of the construction company's stock valued at $149,928,000 after purchasing an additional 75,143 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of KB Home by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,938,359 shares of the construction company's stock worth $166,125,000 after buying an additional 16,593 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Performance

Shares of KBH stock traded down $1.54 during mid-day trading on Friday, reaching $61.30. The stock had a trading volume of 824,319 shares, compared to its average volume of 1,475,211. KB Home has a one year low of $60.26 and a one year high of $89.70. The firm has a market cap of $4.42 billion, a PE ratio of 7.24, a P/E/G ratio of 0.89 and a beta of 1.86. The firm's 50 day simple moving average is $66.23 and its 200 day simple moving average is $76.06. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.44 by $0.08. The firm had revenue of $2 billion during the quarter, compared to analysts' expectations of $1.99 billion. KB Home had a return on equity of 16.46% and a net margin of 9.45%. KB Home's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the business earned $1.85 earnings per share. On average, analysts forecast that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's dividend payout ratio (DPR) is currently 11.81%.

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.