KB Home (KBH) Sets New 12-Month High at $16.76
KB Home (NYSE:KBH)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.76 and last traded at $16.52, with a volume of 1,391,823 shares. The stock had previously closed at $16.54.
A number of equities analysts have recently issued reports on KBH shares. Argus restated a “hold” rating on shares of KB Home in a research report on Monday, July 18th. Deutsche Bank AG raised their price objective on KB Home from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Monday, April 4th. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Monday, July 18th. Credit Suisse Group AG restated a “sell” rating and set a $11.50 price objective on shares of KB Home in a research report on Wednesday, June 22nd. Finally, Buckingham Research downgraded KB Home from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $14.97.
The firm’s 50-day moving average price is $15.28 and its 200-day moving average price is $13.31. The company has a market cap of $1.39 billion and a P/E ratio of 16.904.
KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 21st. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $811.10 million for the quarter. During the same quarter last year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. Equities research analysts forecast that KB Home will post $1.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Thursday, August 4th will be issued a dividend of $0.025 per share. The ex-dividend date is Tuesday, August 2nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.60%.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Donald Smith & CO. Inc. increased its position in KB Home by 734.6% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,603,214 shares of the company’s stock worth $56,758,000 after buying an additional 4,051,688 shares during the period. Marshall Wace LLP purchased a new position in KB Home during the fourth quarter worth $3,825,000. Airain ltd purchased a new position in KB Home during the fourth quarter worth $3,271,000. KBC Group NV purchased a new position in KB Home during the fourth quarter worth $2,736,000. Finally, Russell Frank Co increased its position in KB Home by 270.2% in the fourth quarter. Russell Frank Co now owns 288,910 shares of the company’s stock worth $3,608,000 after buying an additional 210,873 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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