Brokerages Set KB Home (NYSE:KBH) PT at $62.73

Shares of KB Home (NYSE:KBH) have earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $62.9167.

A number of research analysts have commented on the stock. Raymond James Financial downgraded shares of KB Home from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of KB Home in a research note on Thursday, January 22nd. Royal Bank Of Canada reduced their price objective on shares of KB Home from $59.00 to $54.00 and set a “sector perform” rating for the company in a research note on Friday, December 19th. Wells Fargo & Company lowered their target price on KB Home from $60.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, December 19th. Finally, Keefe, Bruyette & Woods cut their price target on KB Home from $67.00 to $62.00 and set a “market perform” rating on the stock in a report on Tuesday, December 23rd.

Institutional Trading of KB Home

Several hedge funds have recently modified their holdings of KBH. Xponance Inc. raised its stake in shares of KB Home by 1.6% during the 3rd quarter. Xponance Inc. now owns 10,198 shares of the construction company’s stock worth $649,000 after acquiring an additional 163 shares in the last quarter. Vista Investment Management boosted its stake in KB Home by 3.5% in the fourth quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock valued at $289,000 after acquiring an additional 175 shares in the last quarter. GHE LLC grew its holdings in KB Home by 0.7% in the third quarter. GHE LLC now owns 30,983 shares of the construction company’s stock worth $1,972,000 after purchasing an additional 212 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of KB Home by 44.4% during the third quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock worth $49,000 after purchasing an additional 240 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after purchasing an additional 250 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Trading Down 2.1%

Shares of NYSE KBH opened at $58.47 on Tuesday. KB Home has a twelve month low of $48.90 and a twelve month high of $68.71. The firm has a market cap of $3.69 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 7.86 and a beta of 1.47. The business has a fifty day simple moving average of $60.76 and a two-hundred day simple moving average of $61.95. The company has a quick ratio of 0.53, a current ratio of 5.77 and a debt-to-equity ratio of 0.43.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.13. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. KB Home had a return on equity of 11.40% and a net margin of 6.88%.The business’s revenue was down 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.52 EPS. Analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Thursday, February 5th. KB Home’s payout ratio is 20.37%.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.