KB Home (NYSE:KBH) Receives Average Rating of "Hold" from Analysts

Shares of KB Home (NYSE:KBH - Get Free Report) have been given a consensus recommendation of "Hold" by the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $71.04.

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded KB Home from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Seaport Res Ptn upgraded shares of KB Home from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Evercore ISI raised their price target on shares of KB Home from $88.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 14th. Wedbush reaffirmed a "neutral" rating and issued a $75.00 price target on shares of KB Home in a report on Tuesday, March 25th. Finally, Raymond James reiterated an "outperform" rating and set a $80.00 price objective (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KBH. Jones Financial Companies Lllp raised its holdings in shares of KB Home by 65.6% during the fourth quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company's stock worth $36,000 after acquiring an additional 214 shares during the period. Principal Securities Inc. raised its stake 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 valued at $39,000 after purchasing an additional 179 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of KB Home by 73.7% in the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock valued at $35,000 after purchasing an additional 258 shares in the last quarter. Sachetta LLC boosted its position in shares of KB Home by 3,142.9% during the first quarter. Sachetta LLC now owns 681 shares of the construction company's stock worth $40,000 after buying an additional 660 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of KB Home during the third quarter worth about $59,000. Institutional investors own 96.09% of the company's stock.

KB Home Price Performance

KBH opened at $52.93 on Wednesday. KB Home has a 1 year low of $48.90 and a 1 year high of $89.70. 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 $56.74 and its 200 day simple moving average is $66.39. The stock has a market capitalization of $3.80 billion, a PE ratio of 6.25, a P/E/G ratio of 0.90 and a beta of 1.45.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly 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 net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm earned $1.76 earnings per share. The company's quarterly revenue was down 5.2% on a year-over-year basis. As a group, sell-side analysts expect that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Thursday, May 8th. KB Home's dividend payout ratio is 12.20%.

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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