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

KB Home (NYSE:KBH - Get Free Report) announced its quarterly earnings data on Monday. The construction company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.05, Zacks reports. KB Home had a return on equity of 15.52% and a net margin of 9.13%. During the same quarter last year, the firm earned $2.15 EPS.

KB Home Stock Performance

KBH stock traded up $1.67 during mid-day trading on Monday, reaching $53.42. The company had a trading volume of 3,883,923 shares, compared to its average volume of 1,301,076. The company has a quick ratio of 0.56, a current ratio of 6.01 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.83 billion, a P/E ratio of 6.51, a P/E/G ratio of 3.87 and a beta of 1.35. KB Home has a one year low of $48.90 and a one year high of $89.70. The stock's 50-day simple moving average is $52.82 and its two-hundred day simple moving average is $60.01.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Thursday, May 8th. KB Home's payout ratio is currently 12.20%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KBH shares. Wells Fargo & Company reduced their price objective on KB Home from $55.00 to $53.00 and set an "underweight" rating on the stock in a research report on Tuesday, June 3rd. Bank of America reduced their price objective on KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their price objective on KB Home from $76.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 26th. UBS Group reduced their target price on KB Home from $97.00 to $86.00 and set a "buy" rating on the stock in a research report on Tuesday, March 25th. Finally, Wall Street Zen cut KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $71.05.

Insider Buying and Selling at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the business's 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 sale, the director now directly owns 10,262 shares in the company, valued at approximately $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 purchased a new position in shares of KB Home (NYSE:KBH - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,922 shares of the construction company's stock, valued at approximately $226,000. Institutional investors and hedge funds own 96.09% of the company's stock.

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.

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