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

KB Home (NYSE:KBH - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $66.14.

A number of research firms have commented on KBH. Bank of America cut their target price on shares of KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a research report on Tuesday. Seaport Res Ptn raised shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Evercore ISI cut their target price on shares of KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a research report on Tuesday. Wells Fargo & Company reiterated an "underweight" rating and set a $52.00 price target (down previously from $53.00) on shares of KB Home in a research note on Tuesday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Thursday.

Insider Activity at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the business's stock in a transaction on 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 owns 10,262 shares in the company, valued at $558,047.56. The trade was a 32.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.89% of the stock is owned by corporate insiders.

Institutional Trading of KB Home

Several hedge funds have recently bought and sold shares of KBH. SG Americas Securities LLC increased its holdings in shares of KB Home by 11.5% in the 1st quarter. SG Americas Securities LLC now owns 10,252 shares of the construction company's stock worth $596,000 after buying an additional 1,057 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of KB Home by 112.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 59,131 shares of the construction company's stock worth $3,437,000 after buying an additional 31,288 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of KB Home by 73.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock worth $35,000 after buying an additional 258 shares during the last quarter. Northern Trust Corp increased its holdings in shares of KB Home by 7.3% in the 4th quarter. Northern Trust Corp now owns 1,101,300 shares of the construction company's stock worth $72,377,000 after buying an additional 75,206 shares during the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of KB Home by 43.6% in the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company's stock worth $39,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 96.09% of the company's stock.

KB Home Stock Up 0.7%

Shares of KBH traded up $0.38 on Thursday, hitting $52.13. 1,689,509 shares of the stock traded hands, compared to its average volume of 1,314,436. The company has a market capitalization of $3.74 billion, a PE ratio of 6.90, a P/E/G ratio of 3.96 and a beta of 1.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.56 and a current ratio of 5.83. The business has a 50 day simple moving average of $52.94 and a 200 day simple moving average of $59.74. KB Home has a one year low of $48.90 and a one year high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.05. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm posted $2.15 EPS. The firm's revenue was down 10.5% on a year-over-year basis. As a group, equities analysts forecast that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Dividend Announcement

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

About KB Home

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.