KB Home (NYSE:KBH) Upgraded to "Hold" at Wall Street Zen

Wall Street Zen upgraded shares of KB Home (NYSE:KBH - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Other equities analysts have also recently issued research reports about the company. Evercore ISI cut their price objective on KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a research report on Tuesday, June 24th. UBS Group lowered their price target on KB Home from $86.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Keefe, Bruyette & Woods lowered their price target on KB Home from $65.00 to $58.00 and set a "market perform" rating on the stock in a research note on Thursday, June 26th. Barclays set a $49.00 price target on KB Home and gave the company an "equal weight" rating in a research note on Tuesday, June 24th. Finally, Bank of America lowered their price target 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, KB Home currently has a consensus rating of "Hold" and an average target price of $66.14.

KB Home Stock Performance

Shares of NYSE KBH traded down $1.81 during mid-day trading on Friday, hitting $53.51. The company had a trading volume of 1,644,926 shares, compared to its average volume of 1,322,170. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 4.47 and a beta of 1.34. KB Home has a 12 month low of $48.90 and a 12 month high of $89.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.83 and a quick ratio of 0.60. The firm's 50 day simple moving average is $53.18 and its two-hundred day simple moving average is $58.19.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.05. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the firm earned $2.15 EPS. As a group, 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 will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.87%. KB Home's dividend payout ratio is currently 13.25%.

Insider Transactions at KB Home

In related news, Director Arthur Reginald Collins sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $54.38, for a total value of $271,900.00. Following the completion of the transaction, the director directly owned 10,262 shares of the company's stock, valued at approximately $558,047.56. This trade represents a 32.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.89% of the company's stock.

Institutional Investors Weigh In On KB Home

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of KB Home by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,944 shares of the construction company's stock worth $1,392,000 after purchasing an additional 819 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of KB Home by 11.5% in the 1st quarter. SG Americas Securities LLC now owns 10,252 shares of the construction company's stock worth $596,000 after acquiring an additional 1,057 shares during the last quarter. GAMMA Investing LLC increased its position in 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 purchasing an additional 649 shares during the period. Principal Financial Group Inc. increased its position in 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 purchasing an additional 902 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of KB Home by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 763,666 shares of the construction company's stock worth $44,384,000 after buying an additional 6,856 shares during the last quarter. Hedge funds and other 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.