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.

ILLEGAL ACTIVITY NOTICE: “KB Home (KBH) Receives Average Recommendation of “Hold” from Analysts” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/08/12/kb-home-kbh-receives-average-recommendation-of-hold-from-analysts.html.

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.

Analyst Recommendations for KB Home (NYSE:KBH)

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.