KB Home (NYSE:KBH) Receives Neutral Rating from Wedbush

Wedbush reaffirmed their neutral rating on shares of KB Home (NYSE:KBH - Free Report) in a research note issued to investors on Thursday, MarketBeat Ratings reports. Wedbush currently has a $67.00 price objective on the construction company's stock.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada cut shares of KB Home from a sector perform rating to an underperform rating and set a $70.00 target price for the company. in a research note on Thursday, September 5th. The Goldman Sachs Group raised their price objective on shares of KB Home from $72.00 to $82.00 and gave the company a neutral rating in a research report on Tuesday, September 3rd. Keefe, Bruyette & Woods boosted their target price on shares of KB Home from $74.00 to $77.00 and gave the stock a market perform rating in a research note on Thursday, June 20th. Evercore ISI increased their price objective on KB Home from $86.00 to $89.00 and gave the company an outperform rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company upped their price target on KB Home from $70.00 to $80.00 and gave the company an equal weight rating in a research note on Monday. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $73.71.

KB Home Stock Up 3.0 %

KB Home stock traded up $2.42 during mid-day trading on Thursday, hitting $82.13. 716,696 shares of the company were exchanged, compared to its average volume of 1,257,380. The company has a market capitalization of $6.18 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.81. The business has a fifty day moving average of $79.83 and a 200 day moving average of $72.14. 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 earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.37. KB Home had a net margin of 9.43% and a return on equity of 15.66%. The business had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $1.64 billion. Research analysts expect that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were paid a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. KB Home's dividend payout ratio (DPR) is presently 13.23%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its position in shares of KB Home by 9.6% in the 2nd quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company's stock valued at $118,244,000 after buying an additional 147,326 shares in the last quarter. LSV Asset Management raised its position 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 worth $74,138,000 after purchasing an additional 572,800 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of KB Home by 2.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company's stock valued at $63,692,000 after purchasing an additional 18,981 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of KB Home by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 872,761 shares of the construction company's stock valued at $61,250,000 after purchasing an additional 3,993 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in KB Home by 10.8% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 695,966 shares of the construction company's stock worth $48,843,000 after purchasing an additional 67,628 shares in the last quarter. Institutional investors 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.