Analysts Set KB Home (NYSE:KBH) Price Target at $77.50

KB Home (NYSE:KBH - Get Free Report) has received a consensus recommendation of "Hold" from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $77.50.

Several research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of KB Home from $72.00 to $82.00 and gave the company a "neutral" rating in a research note on Tuesday, September 3rd. Evercore ISI increased their price objective on KB Home from $86.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. Bank of America boosted their target price on KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research note on Thursday, September 19th. Wells Fargo & Company downgraded KB Home from an "equal weight" rating to an "underweight" rating and raised their price target for the stock from $80.00 to $83.00 in a research note on Monday, October 7th. Finally, Wedbush boosted their price target on KB Home from $67.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, September 25th.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,737,156.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.44% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. LSV Asset Management lifted its holdings in shares of KB Home by 118.4% during the second quarter. LSV Asset Management now owns 1,056,400 shares of the construction company's stock valued at $74,138,000 after acquiring an additional 572,800 shares during the period. Swedbank AB acquired a new position in KB Home in the first quarter valued at about $13,047,000. WINTON GROUP Ltd grew its stake in KB Home by 754.7% during the second quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company's stock worth $14,512,000 after buying an additional 182,595 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of KB Home by 9.6% during the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock worth $118,244,000 after buying an additional 147,326 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of KB Home by 190.8% during the second quarter. Assenagon Asset Management S.A. now owns 104,708 shares of the construction company's stock worth $7,348,000 after buying an additional 68,697 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Stock Performance

Shares of NYSE:KBH traded up $1.53 during trading hours on Friday, hitting $85.26. 951,848 shares of the company's stock traded hands, compared to its average volume of 1,244,518. The company's fifty day simple moving average is $82.87 and its two-hundred day simple moving average is $75.09. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.69 and a beta of 1.81. KB Home has a 52 week low of $42.11 and a 52 week high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.02). The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. KB Home's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 earnings per share. On average, analysts anticipate that KB Home will post 8.41 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be paid a $0.25 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.17%. KB Home's payout ratio is presently 13.23%.

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.