KB Home (NYSE:KBH) Stock Has Consensus Target Price of $52.08

KB Home (NYSE:KBH) has been assigned a consensus rating of “Hold” from the seventeen analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $52.08.

KBH has been the topic of several recent research reports. Morgan Stanley cut their target price on shares of KB Home from $39.00 to $37.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 3rd. Wells Fargo & Company cut their price target on shares of KB Home from $50.00 to $42.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Wall Street Zen upgraded shares of KB Home from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Barclays reduced their price objective on shares of KB Home from $57.00 to $49.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. Finally, Keefe, Bruyette & Woods decreased their price objective on KB Home from $65.00 to $54.00 and set a “market perform” rating for the company in a report on Monday, October 5th.

Institutional Investors Weigh In On KB Home

Several institutional investors and hedge funds have recently made changes to their positions in KBH. Landscape Capital Management L.L.C. acquired a new stake in KB Home during the 3rd quarter valued at approximately $2,032,000. Edgestream Partners L.P. bought a new position in KB Home during the 3rd quarter worth approximately $3,171,000. Hantz Financial Services Inc. raised its holdings in KB Home by 18.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 11,034 shares of the construction company’s stock worth $513,000 after purchasing an additional 1,711 shares during the last quarter. Optas LLC lifted its position in shares of KB Home by 11.3% in the 3rd quarter. Optas LLC now owns 6,149 shares of the construction company’s stock worth $286,000 after purchasing an additional 625 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new position in shares of KB Home in the 3rd quarter worth approximately $11,703,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Down 3.1%

Shares of KBH stock opened at $50.41 on Friday. KB Home has a twelve month low of $40.92 and a twelve month high of $67.57. The company has a market cap of $3.06 billion, a P/E ratio of 13.27, a P/E/G ratio of 2.70 and a beta of 1.36. The business has a fifty day simple moving average of $47.44 and a 200 day simple moving average of $53.39.

KB Home (NYSE:KBH) last released its earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business posted $1.61 earnings per share. The business’s revenue for the quarter was down 20.0% on a year-over-year basis. As a group, equities research analysts anticipate that KB Home will post 3.26 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Thursday, November 12th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, November 12th. KB Home’s payout ratio is 28.17%.

About KB Home

KB Home is a U.S. homebuilding company that plans and builds residential communities, primarily offering single-family homes and townhomes. Its homes are designed for a range of buyers, and the company allows customers to personalize aspects of their homes through its built-to-order approach. Founded in 1957 as Kaufman & Broad, the company adopted the KB Home name in 2001. It serves homebuyers in markets across the United States, with operations in Western, Southwestern and Southeastern regions.