KB Home (NYSE:KBH) Receives Consensus Rating of “Hold” from Brokerages

Shares of KB Home (NYSE:KBH) have earned an average recommendation of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $77.50.

Several brokerages have recently issued reports on KBH. Barclays raised their price objective on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Wells Fargo & Company downgraded shares of KB Home from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $80.00 to $83.00 in a research note on Monday, October 7th. The Goldman Sachs Group raised their price objective on shares of KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wedbush lifted their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, Bank of America lifted their price target on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th.

Insider Buying and Selling at KB Home

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction on Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.44% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Ballentine Partners LLC raised its holdings in shares of KB Home by 10.9% in the third quarter. Ballentine Partners LLC now owns 11,683 shares of the construction company’s stock valued at $1,001,000 after buying an additional 1,145 shares during the last quarter. RBA Wealth Management LLC raised its holdings in shares of KB Home by 1.1% in the third quarter. RBA Wealth Management LLC now owns 61,439 shares of the construction company’s stock valued at $5,265,000 after buying an additional 673 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in shares of KB Home in the third quarter valued at about $217,000. Vest Financial LLC raised its holdings in shares of KB Home by 7.4% in the third quarter. Vest Financial LLC now owns 16,972 shares of the construction company’s stock valued at $1,454,000 after buying an additional 1,168 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of KB Home by 23.4% in the third quarter. Blue Trust Inc. now owns 1,271 shares of the construction company’s stock valued at $109,000 after buying an additional 241 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

KB Home Stock Down 1.4 %

Shares of KBH stock opened at $77.37 on Friday. KB Home has a 12 month low of $42.27 and a 12 month high of $89.70. The business’s 50 day moving average is $82.83 and its two-hundred day moving average is $75.34. The company has a market cap of $5.82 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.69 and a beta of 1.81.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.02). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.80 EPS. As a group, equities analysts expect that KB Home will post 8.41 EPS for the current fiscal year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. KB Home’s payout ratio is presently 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.