KB Home (KBH) Given a $13.00 Price Target at MKM Partners
Several other analysts also recently issued reports on KBH. Zacks Investment Research raised shares of KB Home from a sell rating to a hold rating in a research report on Friday, June 17th. FBR & Co increased their target price on KB Home from $15.00 to $16.00 and gave the company a market perform rating in a research note on Wednesday, June 22nd. Credit Suisse Group AG reiterated a sell rating and set a $11.50 target price on shares of KB Home in a research note on Wednesday, June 22nd. TheStreet upgraded KB Home from a hold rating to a buy rating in a research note on Wednesday, June 22nd. Finally, Keefe, Bruyette & Woods reiterated a market perform rating and set a $15.00 target price (up from $14.00) on shares of KB Home in a research note on Sunday, June 26th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $15.43.
KB Home (NYSE:KBH) opened at 15.70 on Tuesday. The firm has a market capitalization of $1.33 billion, a PE ratio of 13.59 and a beta of 1.99. KB Home has a one year low of $9.04 and a one year high of $16.76. The stock has a 50 day moving average of $15.63 and a 200-day moving average of $14.91.
KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 20th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. KB Home had a net margin of 3.31% and a return on equity of 6.77%. The company earned $913.30 million during the quarter. During the same period last year, the business earned $0.23 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. On average, equities analysts predict that KB Home will post $1.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd will be issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, November 1st. KB Home’s dividend payout ratio (DPR) is 8.62%.
In other news, CEO Jeffrey T. Mezger sold 230,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the transaction, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at $9,968,343.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey T. Mezger sold 110,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.39, for a total value of $1,802,900.00. Following the transaction, the chief executive officer now directly owns 606,716 shares in the company, valued at $9,944,075.24. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of KBH. Nuveen Asset Management LLC raised its position in shares of KB Home by 0.4% in the second quarter. Nuveen Asset Management LLC now owns 83,397 shares of the company’s stock worth $1,268,000 after buying an additional 364 shares during the period. Creative Planning raised its position in shares of KB Home by 6.0% in the third quarter. Creative Planning now owns 9,409 shares of the company’s stock worth $152,000 after buying an additional 529 shares during the period. Teacher Retirement System of Texas raised its position in shares of KB Home by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 10,689 shares of the company’s stock worth $163,000 after buying an additional 538 shares during the period. Comerica Bank raised its position in shares of KB Home by 1.1% in the second quarter. Comerica Bank now owns 57,280 shares of the company’s stock worth $901,000 after buying an additional 616 shares during the period. Finally, HL Financial Services LLC raised its position in shares of KB Home by 0.4% in the second quarter. HL Financial Services LLC now owns 149,329 shares of the company’s stock worth $2,271,000 after buying an additional 662 shares during the period. 91.89% of the stock is currently owned by institutional investors.
KB Home Company Profile
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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