KB Home (NYSE:KBH) fell 1.3% during trading on Monday . The company traded as low as $16.10 and last traded at $16.21, with a volume of 945,248 shares changing hands. The stock had previously closed at $16.43.

A number of brokerages have recently commented on KBH. Buckingham Research cut shares of KB Home from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a research report on Monday. Argus reiterated a “hold” rating on shares of KB Home in a research report on Monday. Zacks Investment Research raised shares of KB Home from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday. TheStreet raised shares of KB Home from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. Finally, Credit Suisse Group AG reissued a “sell” rating on shares of KB Home in a report on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. KB Home has a consensus rating of “Hold” and a consensus target price of $14.97.

The firm has a market capitalization of $1.38 billion and a price-to-earnings ratio of 16.75. The company’s 50-day moving average is $14.90 and its 200-day moving average is $13.10.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, June 21st. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm earned $811.10 million during the quarter. During the same period last year, the firm earned $0.10 earnings per share. The company’s revenue was up 30.2% compared to the same quarter last year. On average, equities research analysts expect that KB Home will post $1.34 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Thursday, August 4th will be paid a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.61%. The ex-dividend date is Tuesday, August 2nd.

A number of hedge funds and institutional investors have recently made changes to their positions in KBH. Retirement Systems of Alabama increased its position in shares of KB Home by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 117,115 shares of the company’s stock valued at $1,444,000 after buying an additional 1,590 shares during the last quarter. California State Teachers Retirement System increased its position in shares of KB Home by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 151,197 shares of the company’s stock valued at $1,864,000 after buying an additional 2,336 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of KB Home by 132.5% in the fourth quarter. OppenheimerFunds Inc. now owns 151,306 shares of the company’s stock valued at $1,866,000 after buying an additional 86,216 shares during the last quarter. Rhumbline Advisers increased its position in shares of KB Home by 1.0% in the fourth quarter. Rhumbline Advisers now owns 190,211 shares of the company’s stock valued at $2,345,000 after buying an additional 1,935 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC increased its position in shares of KB Home by 100.0% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 200,000 shares of the company’s stock valued at $2,466,000 after buying an additional 100,000 shares during the last quarter.

KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.

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