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

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

A number of other analysts have also weighed in on KBH. Evercore ISI reduced their price target on shares of KB Home from $77.00 to $70.00 and set an "outperform" rating for the company in a research note on Tuesday, June 24th. Barclays set a $49.00 target price on shares of KB Home and gave the company an "equal weight" rating in a research note on Tuesday, June 24th. Keefe, Bruyette & Woods cut their target price on shares of KB Home from $65.00 to $58.00 and set a "market perform" rating for the company in a research note on Thursday, June 26th. Wells Fargo & Company reissued an "underweight" rating and set a $52.00 target price (down from $53.00) on shares of KB Home in a research note on Tuesday, June 24th. Finally, UBS Group cut their target price on shares of KB Home from $86.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $66.14.

KB Home Stock Performance

KB Home stock traded down $0.56 during midday trading on Friday, reaching $55.62. 1,366,732 shares of the stock traded hands, compared to its average volume of 1,328,037. The company has a current ratio of 5.83, a quick ratio of 0.60 and a debt-to-equity ratio of 0.47. The firm has a fifty day moving average price of $53.17 and a two-hundred day moving average price of $58.37. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 4.51 and a beta of 1.34. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70.

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 for the quarter, topping analysts' consensus estimates of $1.45 by $0.05. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 EPS. 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 company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.80%. KB Home's dividend payout ratio is currently 13.25%.

Insider Activity

In other news, Director Arthur Reginald Collins sold 5,000 shares of the business'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 transaction of $271,900.00. Following the sale, the director owned 10,262 shares in the company, valued at $558,047.56. The trade was a 32.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KB Home

Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in KB Home by 3.5% in 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 during the period. SG Americas Securities LLC increased its stake in KB Home by 11.5% in 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 during the period. GAMMA Investing LLC increased its stake in KB Home by 64.3% in 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 during the period. Assenagon Asset Management S.A. increased its stake in KB Home by 112.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 59,131 shares of the construction company's stock valued at $3,437,000 after buying an additional 31,288 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in KB Home by 52.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,844 shares of the construction company's stock valued at $750,000 after buying an additional 4,405 shares during the period. Institutional investors and hedge funds own 96.09% of the company's stock.

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.