KB Home (NYSE:KBH) Receives $66.86 Average PT from Analysts

KB Home (NYSE:KBH - Get Free Report) has received a consensus recommendation of "Hold" from the fourteen ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $66.8636.

Several analysts have commented on KBH shares. Wall Street Zen upgraded KB Home from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Keefe, Bruyette & Woods cut their price objective on KB Home from $65.00 to $58.00 and set a "market perform" rating for the company in a report on Thursday, June 26th. Bank of America cut their price objective on KB Home from $58.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Wells Fargo & Company lifted their price objective on KB Home from $50.00 to $60.00 and gave the stock an "underweight" rating in a report on Tuesday, September 2nd. Finally, Zacks Research raised KB Home from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th.

Insider Buying and Selling

In other news, COO Robert V. Mcgibney sold 14,000 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the transaction, the chief operating officer owned 78,345 shares of the company's stock, valued at $4,193,024.40. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of KB Home by 3.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,944 shares of the construction company's stock valued at $1,392,000 after buying an additional 819 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of KB Home by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 208,222 shares of the construction company's stock valued at $12,102,000 after buying an additional 902 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of KB Home by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 763,666 shares of the construction company's stock valued at $44,384,000 after buying an additional 6,856 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of KB Home by 11.5% during the 1st quarter. SG Americas Securities LLC now owns 10,252 shares of the construction company's stock valued at $596,000 after buying an additional 1,057 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of KB Home by 64.3% during the 1st quarter. GAMMA Investing LLC now owns 1,658 shares of the construction company's stock valued at $96,000 after buying an additional 649 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Down 1.4%

NYSE:KBH traded down $0.92 during trading hours on Tuesday, reaching $66.46. 354,707 shares of the company traded hands, compared to its average volume of 1,456,733. The business's 50-day moving average price is $59.85 and its two-hundred day moving average price is $56.82. The stock has a market capitalization of $4.52 billion, a P/E ratio of 8.80, a P/E/G ratio of 5.33 and a beta of 1.36. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70. The company has a current ratio of 5.83, a quick ratio of 0.60 and a debt-to-equity ratio of 0.47.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the business earned $2.15 earnings per share. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. Analysts predict that KB Home will post 8.42 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. KB Home's 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.