KB Home (NYSE:KBH) Stock Has Consensus Price Target of $52.08 According to Analysts

Key Points

• Analyst sentiment is mixed but leans neutral: Of 17 firms covering KB Home, 10 rate it “Hold,” four “Buy,” and three “Sell.” The average one-year price target is $52.08.
• Recent analyst actions included Barclays cutting its target to $49 while keeping an “Overweight” rating, and Bank of America lowering its target to $54 with a “Neutral” rating.
• KB Home beat quarterly EPS estimates ($1.05 versus $0.88), but revenue fell 20% year over year and EPS was down from $1.61 a year earlier. The company announced a $0.25 quarterly dividend, equivalent to a 2.0% yield.

KB Home (NYSE:KBH - Get Free Report) has earned an average recommendation of "Hold" from the seventeen research firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four 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 $52.08.

A number of brokerages have issued reports on KBH. Barclays reduced their price target on KB Home from $57.00 to $49.00 and set an "overweight" rating for the company in a research report on Wednesday, September 23rd. Citigroup reissued an "outperform" rating on shares of KB Home in a report on Wednesday, September 23rd. Bank of America cut their price objective on shares of KB Home from $56.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 23rd. Weiss Ratings upgraded shares of KB Home from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 29th. Finally, The Goldman Sachs Group set a $56.00 price objective on shares of KB Home in a report on Monday, October 12th.

Institutional Trading of KB Home

A number of hedge funds and other institutional investors have recently made changes to their positions in KBH. Jefferies Financial Group Inc. acquired a new position in KB Home in the third quarter worth approximately $11,703,000. Fulcrum Asset Management LLP increased its holdings in shares of KB Home by 137.9% in the third quarter. Fulcrum Asset Management LLP now owns 8,495 shares of the construction company's stock valued at $403,000 after buying an additional 4,924 shares in the last quarter. Ethic Inc. increased its holdings in shares of KB Home by 26.5% in the third quarter. Ethic Inc. now owns 33,608 shares of the construction company's stock valued at $1,562,000 after buying an additional 7,050 shares in the last quarter. Abacus Wealth Partners LLC increased its holdings in shares of KB Home by 37.8% in the third quarter. Abacus Wealth Partners LLC now owns 11,567 shares of the construction company's stock valued at $538,000 after buying an additional 3,171 shares in the last quarter. Finally, State of Wyoming increased its holdings in shares of KB Home by 9.7% in the third quarter. State of Wyoming now owns 9,472 shares of the construction company's stock valued at $440,000 after buying an additional 836 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors.

KB Home Trading Down 2.6%

KBH opened at $50.72 on Friday. The business's 50 day moving average is $47.55 and its 200-day moving average is $53.49. The stock has a market cap of $3.08 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.36. KB Home has a twelve month low of $40.92 and a twelve month high of $67.57.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Tuesday, September 22nd. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.17. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company posted $1.61 EPS. The business's revenue for the quarter was down 20.0% compared to the same quarter last year. As a group, analysts forecast that KB Home will post 3.26 EPS for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.00 annualized dividend and a yield of 2.0%. KB Home's dividend payout ratio (DPR) is presently 28.17%.

KB Home Company Profile

KB Home NYSE: KBH is a homebuilder that develops and constructs residential communities across the United States. The company primarily builds single-family homes, along with certain attached homes and townhomes, serving first-time, move-up and active-adult buyers.

KB Home offers a range of home designs, floor plans and personalization options, allowing buyers to select features and finishes during the construction process. Its activities generally include land acquisition and development, home construction, sales and customer support, with homes built in both suburban and urban communities.

Founded in 1957, KB Home operates in markets across Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.

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