KB Home (KBH) Receives Average Recommendation of “Hold” from Analysts
KB Home (NYSE:KBH) has been assigned a consensus rating of “Hold” from the twenty brokerages that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $20.38.
A number of analysts have issued reports on KBH shares. Deutsche Bank AG boosted their price objective on shares of KB Home from $20.00 to $23.00 and gave the company a “hold” rating in a report on Friday, June 30th. Wedbush cut their price objective on shares of KB Home from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, June 15th. Credit Suisse Group started coverage on shares of KB Home in a report on Thursday, June 22nd. They issued a “neutral” rating and a $23.00 price objective for the company. Barclays PLC reissued a “sell” rating and issued a $17.00 price objective on shares of KB Home in a report on Friday, June 30th. Finally, MKM Partners raised shares of KB Home to a “hold” rating and boosted their price objective for the company from $20.00 to $24.00 in a report on Tuesday, June 27th.
Shares of KB Home (NYSE KBH) opened at 22.70 on Friday. The company has a 50 day moving average of $23.39 and a 200 day moving average of $20.47. KB Home has a 1-year low of $14.06 and a 1-year high of $24.37. The company has a market cap of $1.94 billion, a PE ratio of 17.49 and a beta of 1.62.
KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, June 27th. The construction company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. KB Home had a net margin of 3.13% and a return on equity of 7.11%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $929.85 million. During the same quarter in the prior year, the business earned $0.17 EPS. KB Home’s quarterly revenue was up 23.7% on a year-over-year basis. Equities analysts expect that KB Home will post $1.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be given a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Tuesday, August 1st. KB Home’s dividend payout ratio (DPR) is currently 7.69%.
In other KB Home news, SVP William R. Hollinger sold 57,405 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $23.19, for a total value of $1,331,221.95. Following the completion of the transaction, the senior vice president now directly owns 214,306 shares in the company, valued at approximately $4,969,756.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jeff Kaminski sold 163,017 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $23.40, for a total transaction of $3,814,597.80. Following the completion of the transaction, the chief financial officer now owns 178,251 shares of the company’s stock, valued at $4,171,073.40. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in KBH. State Treasurer State of Michigan boosted its position in shares of KB Home by 1.5% in the first quarter. State Treasurer State of Michigan now owns 33,800 shares of the construction company’s stock valued at $672,000 after buying an additional 500 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of KB Home during the first quarter valued at about $4,069,000. Commerzbank Aktiengesellschaft FI purchased a new stake in KB Home during the first quarter valued at $347,000. Great West Life Assurance Co. Can boosted its stake in KB Home by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 48,962 shares of the construction company’s stock valued at $973,000 after buying an additional 2,093 shares during the period. Finally, Horseman Capital Management Ltd purchased a new stake in KB Home during the first quarter valued at $35,460,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.
About KB Home
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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