Brokerages Set KB Home (NYSE:KBH) Target Price at $76.63

KB Home (NYSE:KBH - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $76.21.

A number of research analysts have weighed in on KBH shares. Bank of America decreased their price objective on shares of KB Home from $76.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday. 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 research note on Wednesday, January 8th. Evercore ISI boosted their price target on KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Raymond James restated an "outperform" rating and issued a $80.00 price target (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods cut their target price on KB Home from $85.00 to $76.00 and set a "market perform" rating on the stock in a research report on Friday, January 17th.

KB Home Stock Performance

KBH stock traded up $3.19 on Monday, hitting $70.04. 1,902,843 shares of the company's stock were exchanged, compared to its average volume of 1,697,093. The stock has a market cap of $5.14 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 0.93 and a beta of 1.86. The firm has a 50 day moving average price of $71.60 and a two-hundred day moving average price of $78.06. KB Home has a 12-month low of $58.15 and a 12-month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business posted $1.85 EPS. The firm's quarterly revenue was up 19.5% on a year-over-year basis. Sell-side analysts expect that KB Home will post 8.5 earnings per share for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.43%. KB Home's dividend payout ratio (DPR) is presently 11.81%.

Institutional Investors Weigh In On KB Home

Institutional investors and hedge funds have recently modified their holdings of the company. Choreo LLC acquired a new position in KB Home during the fourth quarter valued at approximately $216,000. RBA Wealth Management LLC lifted its holdings in KB Home by 2.0% during the 4th quarter. RBA Wealth Management LLC now owns 62,683 shares of the construction company's stock worth $4,119,000 after buying an additional 1,244 shares during the period. EMC Capital Management grew its position in shares of KB Home by 17.0% in the 4th quarter. EMC Capital Management now owns 4,877 shares of the construction company's stock valued at $321,000 after buying an additional 707 shares during the last quarter. Pacer Advisors Inc. increased its position in KB Home by 26.5% during the 4th quarter. Pacer Advisors Inc. now owns 13,350 shares of the construction company's stock valued at $877,000 after purchasing an additional 2,797 shares during the period. Finally, KBC Group NV grew its stake in KB Home by 44.2% during the fourth quarter. KBC Group NV now owns 3,007 shares of the construction company's stock worth $198,000 after purchasing an additional 922 shares during the period. 96.09% of the stock is owned by institutional investors.

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.