KB Home (NYSE:KBH) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• KB Home has received a consensus rating of "Hold" from fifteen analysts, with one sell rating, ten holds, three buys, and one strong buy recommendation.
• The company reported $1.61 EPS for the last quarter, exceeding expectations, although revenue decreased by 7.4% year-over-year.
• KB Home declared a quarterly dividend of $0.25 per share, representing an annualized dividend yield of 1.5%.

Shares of KB Home (NYSE:KBH - Get Free Report) have been given a consensus rating of "Hold" by the fifteen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $65.5455.

A number of equities analysts have issued reports on KBH shares. Oppenheimer assumed coverage on KB Home in a research note on Wednesday, September 3rd. They set a "market perform" rating for the company. Wells Fargo & Company raised their target price on KB Home from $50.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, September 2nd. Royal Bank Of Canada lifted their target price on KB Home from $58.00 to $59.00 and gave the company a "sector perform" rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. lowered their price target on KB Home from $63.00 to $53.00 and set a "neutral" rating for the company in a research report on Monday, September 29th. Finally, Raymond James Financial raised their price objective on KB Home from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, September 25th.

KB Home Stock Performance

KBH opened at $65.75 on Friday. KB Home has a 1-year low of $48.90 and a 1-year high of $85.92. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 5.28 and a beta of 1.40. The company's fifty day moving average price is $62.64 and its two-hundred day moving average price is $57.09. The company has a current ratio of 2.13, a quick ratio of 0.23 and a debt-to-equity ratio of 0.47.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Wednesday, September 24th. The construction company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.50 by $0.11. The firm had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.59 billion. KB Home had a net margin of 7.92% and a return on equity of 12.91%. The business's revenue was down 7.4% on a year-over-year basis. During the same period last year, the company earned $2.04 earnings per share. On average, analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, August 7th. KB Home's dividend payout ratio (DPR) is presently 13.25%.

Insiders Place Their Bets

In other KB Home news, COO Robert V. Mcgibney sold 14,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total value of $749,280.00. Following the completion of the sale, the chief operating officer directly owned 78,345 shares of the company's stock, valued at approximately $4,193,024.40. This represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.89% of the company's stock.

Hedge Funds Weigh In On KB Home

Several institutional investors have recently modified their holdings of KBH. Harbor Capital Advisors Inc. increased its position in shares of KB Home by 73.7% during the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company's stock valued at $35,000 after acquiring an additional 258 shares during the last quarter. Sachetta LLC grew its stake in KB Home by 3,142.9% in the 1st quarter. Sachetta LLC now owns 681 shares of the construction company's stock valued at $40,000 after purchasing an additional 660 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of KB Home during the 1st quarter valued at $40,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of KB Home during the 2nd quarter valued at $44,000. Finally, Byrne Asset Management LLC raised its stake in shares of KB Home by 51.8% during the 1st quarter. Byrne Asset Management LLC now owns 774 shares of the construction company's stock worth $45,000 after purchasing an additional 264 shares during the period. 96.09% of the stock is owned by institutional investors.

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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