KB Home (NYSE:KBH) Receives Average Recommendation of “Hold” from Brokerages

Shares of KB Home (NYSE:KBH) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $62.7273.

Several equities analysts recently issued reports on the company. Raymond James Financial cut KB Home from an “outperform” rating to a “market perform” rating in a research report on Wednesday, December 24th. Wells Fargo & Company lowered their price target on KB Home from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, December 19th. Royal Bank Of Canada dropped their price objective on KB Home from $59.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Friday, December 19th. Barclays reduced their price objective on KB Home from $71.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, December 22nd. Finally, Bank of America dropped their price target on shares of KB Home from $62.00 to $58.00 and set a “neutral” rating on the stock in a report on Monday, December 22nd.

KB Home Stock Performance

Shares of KB Home stock opened at $63.53 on Friday. KB Home has a 1 year low of $48.90 and a 1 year high of $68.71. The firm’s 50-day moving average is $60.19 and its 200 day moving average is $61.44. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 7.90 and a beta of 1.49. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.77 and a quick ratio of 0.53.

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

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Thursday, February 5th will be issued a $0.25 dividend. The ex-dividend date is Thursday, February 5th. This represents a $1.00 annualized dividend and a yield of 1.6%. KB Home’s dividend payout ratio (DPR) is currently 20.37%.

Hedge Funds Weigh In On KB Home

Several hedge funds and other institutional investors have recently modified their holdings of the company. Xponance Inc. boosted its stake in shares of KB Home by 1.6% in the 3rd quarter. Xponance Inc. now owns 10,198 shares of the construction company’s stock worth $649,000 after buying an additional 163 shares during the last quarter. Yousif Capital Management LLC boosted its position in KB Home by 0.8% in the second quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock worth $1,353,000 after purchasing an additional 209 shares during the last quarter. GHE LLC boosted its position 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. Securian Asset Management Inc. grew its stake in shares of KB Home by 4.6% during the 2nd quarter. Securian Asset Management Inc. now owns 5,462 shares of the construction company’s stock valued at $289,000 after purchasing an additional 238 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of KB Home by 44.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 781 shares of the construction company’s stock valued at $49,000 after purchasing an additional 240 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

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.