KB Home (NYSE:KBH) Receives $71.23 Consensus Price Target from Analysts

KB Home (NYSE:KBH - Get Free Report) has received an average rating of "Hold" from the twelve research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $71.23.

Several equities analysts have recently weighed in on KBH shares. Bank of America dropped their price objective on shares of KB Home from $67.00 to $62.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. Barclays lowered their price target on shares of KB Home from $60.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 25th. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their target price on KB Home from $81.00 to $72.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Wells Fargo & Company lowered their target price on KB Home from $57.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, April 14th.

KB Home Stock Performance

NYSE:KBH traded down $0.15 during mid-day trading on Friday, hitting $51.63. The stock had a trading volume of 1,020,928 shares, compared to its average volume of 1,302,751. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The company's 50 day simple moving average is $53.82 and its 200 day simple moving average is $63.10. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 6.10, a PEG ratio of 0.90 and a beta of 1.45. KB Home has a twelve month low of $48.90 and a twelve month high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last posted its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.56 by ($0.07). KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $1.76 earnings per share. The firm's revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. KB Home's dividend payout ratio (DPR) is presently 12.20%.

Insider Buying and Selling at KB Home

In other KB Home 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 transaction of $271,900.00. Following the sale, the director now directly owns 10,262 shares in the company, valued at $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.89% of the company's stock.

Institutional Trading of KB Home

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in KB Home in the fourth quarter valued at approximately $49,638,000. Two Sigma Advisers LP increased its stake in shares of KB Home by 4,408.6% in the 4th quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company's stock valued at $34,372,000 after purchasing an additional 511,400 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of KB Home by 116.1% in the 1st quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company's stock valued at $53,957,000 after purchasing an additional 506,415 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of KB Home by 61.2% during the 4th quarter. First Trust Advisors LP now owns 1,327,809 shares of the construction company's stock worth $87,264,000 after buying an additional 503,895 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in KB Home by 1,136.2% during the fourth quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company's stock worth $27,822,000 after acquiring an additional 389,097 shares in the last quarter. Institutional investors 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.