Brokerages Set KB Home (NYSE:KBH) Target Price at $66.30

KB Home (NYSE:KBHGet Free Report) has earned an average rating of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $71.63.

Several research analysts have recently commented on KBH shares. The Goldman Sachs Group raised their price objective on KB Home from $61.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Evercore ISI raised their price objective on KB Home from $78.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group increased their target price on KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Barclays increased their target price on KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. increased their target price on KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th.

Check Out Our Latest Stock Report on KB Home

KB Home Stock Up 0.8 %

Shares of KBH opened at $70.54 on Friday. The business has a 50-day simple moving average of $68.25 and a two-hundred day simple moving average of $65.09. KB Home has a 52 week low of $42.11 and a 52 week high of $74.65. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 0.78 and a beta of 1.77.

KB Home (NYSE:KBHGet Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.57 by $0.19. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that KB Home will post 8.15 earnings per share for the current fiscal year.

KB Home Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Wednesday, May 8th. This is a boost from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio (DPR) is currently 13.23%.

Insider Buying and Selling at KB Home

In related news, EVP Albert Z. Praw sold 22,160 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the completion of the sale, the executive vice president now directly owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Albert Z. Praw sold 22,160 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the completion of the sale, the executive vice president now directly owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeff Kaminski sold 38,386 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The disclosure for this sale can be found here. Insiders sold 64,460 shares of company stock worth $4,384,468 in the last quarter. 4.44% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KB Home

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in KB Home by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 7,819,706 shares of the construction company’s stock valued at $361,896,000 after purchasing an additional 263,194 shares in the last quarter. AQR Capital Management LLC raised its position in KB Home by 93.9% during the 3rd quarter. AQR Capital Management LLC now owns 2,526,838 shares of the construction company’s stock valued at $116,942,000 after purchasing an additional 1,223,612 shares in the last quarter. Invesco Ltd. raised its position in KB Home by 26.1% during the 3rd quarter. Invesco Ltd. now owns 1,546,880 shares of the construction company’s stock valued at $71,590,000 after purchasing an additional 320,554 shares in the last quarter. American Century Companies Inc. raised its position in KB Home by 32.3% during the 3rd quarter. American Century Companies Inc. now owns 1,251,656 shares of the construction company’s stock valued at $57,927,000 after purchasing an additional 305,820 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in KB Home by 2.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 898,587 shares of the construction company’s stock valued at $63,692,000 after purchasing an additional 18,981 shares in the last quarter. 96.09% of the stock is owned by institutional investors.

About KB Home

(Get Free Report

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.

See Also

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.