The Goldman Sachs Group Boosts KB Home (NYSE:KBH) Price Target to $82.00

KB Home (NYSE:KBH - Free Report) had its price target raised by The Goldman Sachs Group from $72.00 to $82.00 in a report published on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the construction company's stock.

Several other research firms also recently issued reports on KBH. Zelman & Associates reiterated an underperform rating and set a $69.00 price objective on shares of KB Home in a research note on Monday, May 13th. Evercore ISI increased their price target on KB Home from $86.00 to $89.00 and gave the company an outperform rating in a report on Monday, July 15th. Wedbush upped their target price on KB Home from $64.00 to $67.00 and gave the stock a neutral rating in a research report on Thursday, June 20th. Keefe, Bruyette & Woods raised their target price on KB Home from $74.00 to $77.00 and gave the company a market perform rating in a report on Thursday, June 20th. Finally, Royal Bank of Canada boosted their price target on KB Home from $69.00 to $70.00 and gave the stock a sector perform rating in a research report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, KB Home presently has a consensus rating of Hold and an average price target of $72.88.

KB Home Stock Down 3.3 %

Shares of KBH stock traded down $2.77 on Tuesday, reaching $80.94. 841,630 shares of the stock were exchanged, compared to its average volume of 1,269,535. The stock has a market cap of $6.09 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 0.84 and a beta of 1.80. The firm has a 50 day moving average of $77.89 and a two-hundred day moving average of $71.26. KB Home has a 1-year low of $42.11 and a 1-year high of $88.31.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings results on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.78 by $0.37. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.64 billion. On average, equities research analysts predict that KB Home will post 8.38 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. KB Home's dividend payout ratio (DPR) is presently 13.23%.

Institutional Investors Weigh In On KB Home

Institutional investors have recently modified their holdings of the stock. Manchester Capital Management LLC increased its holdings in KB Home by 433.0% in the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company's stock valued at $30,000 after buying an additional 394 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in KB Home in the first quarter worth $60,000. Plato Investment Management Ltd increased its stake in KB Home by 72.0% during the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock valued at $77,000 after purchasing an additional 452 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in shares of KB Home by 625.3% during the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company's stock worth $78,000 after purchasing an additional 963 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of KB Home during the 1st quarter valued at about $120,000. Institutional investors and hedge funds own 96.09% of the company's stock.

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.