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

KB Home (NYSE:KBH - Get Free Report) has been assigned an average rating of "Hold" from the thirteen brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $75.21.

Several equities analysts recently weighed in on KBH shares. Keefe, Bruyette & Woods reduced their target price on shares of KB Home from $85.00 to $76.00 and set a "market perform" rating for the company in a research note on Friday, January 17th. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Bank of America lowered their target price on shares of KB Home from $76.00 to $71.00 and set a "neutral" rating on the stock in a research report on Monday, January 27th. Raymond James reiterated an "outperform" rating and set a $80.00 price target (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, UBS Group lowered their price objective on KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th.

Insider Activity at KB Home

In other 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 completion of the transaction, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This represents a 44.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.44% of the stock is currently owned by corporate insiders.

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Institutional Trading of KB Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its stake in KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after purchasing an additional 214 shares during the period. Principal Securities Inc. lifted its position in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after buying an additional 179 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of KB Home during the 3rd quarter worth approximately $59,000. Banque Cantonale Vaudoise acquired a new stake in KB Home in the 3rd quarter valued at $61,000. Finally, Versant Capital Management Inc grew its position in KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company's stock valued at $50,000 after acquiring an additional 557 shares during the period. Institutional investors own 96.09% of the company's stock.

KB Home Stock Down 2.7 %

Shares of NYSE:KBH traded down $1.67 during trading on Tuesday, reaching $59.61. 1,676,024 shares of the company traded hands, compared to its average volume of 1,212,585. The firm has a fifty day simple moving average of $64.29 and a 200 day simple moving average of $73.34. 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 has a 1-year low of $58.82 and a 1-year high of $89.70. The firm has a market cap of $4.26 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89.

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, beating 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 firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $1.85 earnings per share. The business's quarterly revenue was up 19.5% compared to the same quarter last year. Analysts anticipate that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home's payout ratio is presently 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.