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

Shares of KB Home (NYSE:KBH - Get Free Report) have been given an average recommendation of "Hold" by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $80.13.

Several equities research analysts have recently issued reports on the company. Wedbush lifted their target price on KB Home from $67.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Wells Fargo & Company cut KB Home from an "equal weight" rating to an "underweight" rating and upped their price objective for the stock from $80.00 to $83.00 in a report on Monday, October 7th. Bank of America increased their target price on KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. The Goldman Sachs Group boosted their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Finally, Barclays increased their price objective on shares of KB Home from $78.00 to $99.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th.

KB Home Stock Up 0.2 %

NYSE KBH traded up $0.16 during trading hours on Friday, reaching $78.53. The company's stock had a trading volume of 883,786 shares, compared to its average volume of 818,904. KB Home has a 1 year low of $54.94 and a 1 year high of $89.70. The firm's 50-day moving average price is $80.72 and its 200-day moving average price is $78.26. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.63 and a beta of 1.81.

KB Home (NYSE:KBH - Get Free Report) last released its earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. KB Home's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period last year, the firm posted $1.80 EPS. Equities research analysts anticipate 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 Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. KB Home's dividend payout ratio (DPR) is presently 12.82%.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at $2,737,156.20. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.44% of the company's stock.

Hedge Funds Weigh In On KB Home

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in shares of KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company's stock valued at $77,655,000 after acquiring an additional 164,010 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of KB Home in the 1st quarter valued at about $1,588,000. Cerity Partners LLC lifted its position in shares of KB Home by 24.7% in the 3rd quarter. Cerity Partners LLC now owns 38,742 shares of the construction company's stock worth $3,320,000 after purchasing an additional 7,679 shares during the period. AdvisorShares Investments LLC bought a new position in shares of KB Home during the second quarter valued at approximately $479,000. Finally, Citigroup Inc. increased its holdings in KB Home by 62.1% during the third quarter. Citigroup Inc. now owns 107,051 shares of the construction company's stock valued at $9,173,000 after buying an additional 40,992 shares during the period. 96.09% of the stock is owned by hedge funds and other 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.