KB Home (NYSE:KBH) Posts Earnings Results, Beats Estimates By $0.05 EPS

KB Home (NYSE:KBH - Get Free Report) released its earnings results on Monday. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.05, Zacks reports. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $2.15 EPS. The firm's quarterly revenue was down 10.5% compared to the same quarter last year.

KB Home Price Performance

Shares of NYSE KBH traded up $0.38 during midday trading on Thursday, reaching $52.13. 1,689,509 shares of the stock traded hands, compared to its average volume of 1,314,731. The company's 50 day moving average is $52.94 and its 200 day moving average is $59.74. KB Home has a one year low of $48.90 and a one year high of $89.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.56. The stock has a market capitalization of $3.74 billion, a PE ratio of 6.90, a P/E/G ratio of 3.94 and a beta of 1.35.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. KB Home's dividend payout ratio (DPR) is 13.25%.

Insider Buying and Selling

In related news, Director Arthur Reginald Collins sold 5,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the transaction, the director now owns 10,262 shares of the company's stock, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KB Home

A hedge fund recently bought a new stake in KB Home stock. United Services Automobile Association bought a new stake in shares of KB Home (NYSE:KBH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,922 shares of the construction company's stock, valued at approximately $226,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of KB Home from $67.00 to $63.00 and set a "sector perform" rating on the stock in a research report on Tuesday, March 25th. Barclays set a $49.00 price target on KB Home and gave the company an "equal weight" rating in a report on Tuesday. Wedbush restated a "neutral" rating and issued a $75.00 price objective on shares of KB Home in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price objective on KB Home from $65.00 to $58.00 and set a "market perform" rating for the company in a research note on Thursday. Finally, Bank of America decreased their target price on KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.14.

KB Home Company Profile

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.