KB Home (NYSE:KBH) Given Average Recommendation of "Hold" by Brokerages

KB Home (NYSE:KBH - Get Free Report) has received an average rating of "Hold" from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to 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.

Several analysts have recently issued reports on KBH shares. The Goldman Sachs Group reduced their price objective on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Wells Fargo & Company reiterated an "underweight" rating and issued a $52.00 price objective (down from $53.00) on shares of KB Home in a research note on Tuesday, June 24th. Bank of America reduced their price objective on KB Home from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Barclays set a $49.00 price objective on KB Home and gave the company an "equal weight" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen cut KB Home from a "hold" rating to a "sell" rating in a research note on Saturday.

Insider Buying and Selling at KB Home

In other KB Home news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction on Friday, May 16th. The stock was 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 $558,047.56. This trade represents a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.89% of the stock is owned by insiders.

Institutional Trading of KB Home

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Militia Capital Partners LP acquired a new stake in KB Home in the first quarter valued at $849,000. Inspire Investing LLC grew its holdings in shares of KB Home by 35.4% during the first quarter. Inspire Investing LLC now owns 43,496 shares of the construction company's stock worth $2,528,000 after purchasing an additional 11,374 shares during the last quarter. Strs Ohio acquired a new stake in shares of KB Home during the first quarter worth about $244,000. SCS Capital Management LLC acquired a new stake in shares of KB Home during the first quarter worth about $350,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of KB Home by 5.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company's stock worth $13,108,000 after purchasing an additional 11,103 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Trading Up 1.3%

NYSE:KBH traded up $0.70 during trading hours on Thursday, reaching $52.83. 2,936,497 shares of the stock were exchanged, compared to its average volume of 1,319,359. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $52.98 and a two-hundred day moving average of $59.18. KB Home has a twelve month low of $48.90 and a twelve month high of $89.70. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 7.00, a PEG ratio of 4.09 and a beta of 1.35.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly 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 return on equity of 14.02% and a net margin of 8.47%. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the firm earned $2.15 earnings per share. The firm's revenue was down 10.5% compared to the same quarter last year. On average, equities analysts predict that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, May 8th. KB Home's dividend payout ratio is presently 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.