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

KBH has been the topic of a number of analyst reports. FBN Securities cut shares of KB Home from an “outperform” rating to a “sector perform” rating in a research report on Monday, April 18th. Bank of America Corp. reiterated a “sell” rating on shares of KB Home in a research report on Saturday, April 9th. Buckingham Research cut shares of KB Home from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research report on Monday. Royal Bank Of Canada boosted their price objective on shares of KB Home from $11.00 to $14.00 and gave the company a “sector perform” rating in a research report on Friday, March 25th. Finally, Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. KB Home presently has a consensus rating of “Hold” and a consensus target price of $14.97.

The firm has a 50 day moving average price of $14.94 and a 200-day moving average price of $13.12. The firm has a market capitalization of $1.37 billion and a P/E ratio of 16.67.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, June 21st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company earned $811.10 million during the quarter. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 30.2% on a year-over-year basis. On average, equities research analysts anticipate that KB Home will post $1.34 EPS for the current year.

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

Several hedge funds recently modified their holdings of the company. Retirement Systems of Alabama increased its stake 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 worth $1,444,000 after buying an additional 1,590 shares during the period. California State Teachers Retirement System increased its stake 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 worth $1,864,000 after buying an additional 2,336 shares during the period. OppenheimerFunds Inc. increased its stake in shares of KB Home by 132.5% in the fourth quarter. OppenheimerFunds Inc. now owns 151,306 shares of the company’s stock worth $1,866,000 after buying an additional 86,216 shares during the period. Rhumbline Advisers increased its stake in shares of KB Home by 1.0% in the fourth quarter. Rhumbline Advisers now owns 190,211 shares of the company’s stock worth $2,345,000 after buying an additional 1,935 shares during the period. Finally, Alpine Woods Capital Investors LLC increased its stake 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 worth $2,466,000 after buying an additional 100,000 shares during the period.

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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