Brokerages Set KB Home (NYSE:KBH) Target Price at $59.50

KB Home (NYSE:KBH) has been assigned an average rating of “Hold” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $59.50.

Several analysts have weighed in on the company. Bank of America lowered their target price on KB Home from $63.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Royal Bank Of Canada cut their price target on KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. Truist Financial decreased their price objective on shares of KB Home from $65.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, March 25th. Wells Fargo & Company lowered their price objective on shares of KB Home from $55.00 to $50.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 25th. Finally, Citizens Jmp assumed coverage on shares of KB Home in a report on Tuesday, March 24th. They set an “outperform” rating and a $77.00 target price for the company.

Institutional Investors Weigh In On KB Home

A number of institutional investors and hedge funds have recently bought and sold shares of KBH. SG Americas Securities LLC boosted its stake in shares of KB Home by 204.8% during the third quarter. SG Americas Securities LLC now owns 69,078 shares of the construction company’s stock valued at $4,396,000 after acquiring an additional 46,415 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in KB Home during the 3rd quarter worth about $1,551,000. Deprince Race & Zollo Inc. acquired a new position in KB Home in the 3rd quarter valued at about $59,301,000. iSAM Funds UK Ltd purchased a new position in KB Home in the 3rd quarter valued at about $1,451,000. Finally, Strs Ohio lifted its holdings in KB Home by 1,788.1% in the 3rd quarter. Strs Ohio now owns 79,300 shares of the construction company’s stock valued at $5,047,000 after purchasing an additional 75,100 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

KBH stock opened at $50.46 on Friday. The firm has a 50 day moving average of $58.92 and a 200-day moving average of $60.63. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 7.32 and a beta of 1.47. The company has a current ratio of 2.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.43. KB Home has a 12-month low of $48.90 and a 12-month high of $68.71.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.52. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm posted $1.49 EPS. The company’s revenue was down 22.6% compared to the same quarter last year. As a group, equities analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were given a $0.25 dividend. The ex-dividend date was Thursday, February 5th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. KB Home’s dividend payout ratio is currently 20.37%.

KB Home Company Profile

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.