KB Home (NYSE:KBH) Receives $71.88 Consensus Target Price from Brokerages

KB Home (NYSE:KBH - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $71.88.

KBH has been the subject of a number of recent analyst reports. Evercore ISI lifted their price target on shares of KB Home from $86.00 to $89.00 and gave the company an "outperform" rating in a research report on Monday, July 15th. Royal Bank of Canada upped their price objective on shares of KB Home from $69.00 to $70.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 20th. Keefe, Bruyette & Woods raised their target price on shares of KB Home from $74.00 to $77.00 and gave the company a "market perform" rating in a report on Thursday, June 20th. Wedbush raised their target price on shares of KB Home from $64.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, June 20th. Finally, 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.

Hedge Funds Weigh In On KB Home

Several hedge funds and other institutional investors have recently modified their holdings of KBH. Manchester Capital Management LLC grew its position in shares of KB Home by 433.0% during the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company's stock valued at $30,000 after purchasing an additional 394 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of KB Home during the fourth quarter valued at approximately $47,000. Fidelis Capital Partners LLC bought a new stake in shares of KB Home during the first quarter valued at approximately $60,000. Plato Investment Management Ltd raised its stake in KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock worth $77,000 after buying an additional 452 shares in the last quarter. Finally, Tortoise Investment Management LLC grew its holdings in KB Home by 625.3% in 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 last quarter. 96.09% of the stock is owned by institutional investors.

KB Home Price Performance

Shares of KB Home stock traded up $0.29 during trading hours on Friday, reaching $83.71. The company's stock had a trading volume of 1,009,556 shares, compared to its average volume of 1,272,328. The stock has a market cap of $6.30 billion, a P/E ratio of 11.07, a P/E/G ratio of 0.84 and a beta of 1.80. KB Home has a one year low of $42.11 and a one year high of $88.31. The firm has a 50 day moving average price of $77.65 and a 200-day moving average price of $70.98.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.37. The company had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.64 billion. KB Home had a net margin of 9.43% and a return on equity of 15.66%. As a group, sell-side analysts forecast that KB Home will post 8.38 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Thursday, August 8th. KB Home's payout ratio is 13.23%.

About KB Home

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.