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

KB Home (NYSE:KBH - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $66.11.

Several equities analysts recently weighed in on the stock. Barclays lifted their target price on shares of KB Home from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. StockNews.com upgraded KB Home from a "hold" rating to a "buy" rating in a research note on Tuesday. The Goldman Sachs Group increased their target price on KB Home from $61.00 to $70.00 and gave the company a "neutral" rating in a research note on Friday, March 22nd. Royal Bank of Canada boosted their price target on KB Home from $63.00 to $69.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of KB Home from $68.50 to $70.50 and gave the company a "neutral" rating in a research note on Wednesday, March 27th.

KB Home Trading Down 3.2 %

NYSE:KBH traded down $2.22 on Tuesday, hitting $67.65. 1,207,647 shares of the stock were exchanged, compared to its average volume of 1,207,580. The stock has a market cap of $5.12 billion, a PE ratio of 9.20, a PEG ratio of 0.82 and a beta of 1.73. KB Home has a fifty-two week low of $38.26 and a fifty-two week high of $72.00. The stock has a fifty day moving average of $64.80 and a 200-day moving average of $57.08.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.57 by $0.19. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the firm posted $1.45 earnings per share. KB Home's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts predict that KB Home will post 7.82 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, February 7th. KB Home's payout ratio is currently 10.88%.

Insider Transactions at KB Home

In related news, CEO Jeffrey T. Mezger sold 59,157 shares of the business's stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $60.34, for a total value of $3,569,533.38. Following the completion of the sale, the chief executive officer now directly owns 1,491,298 shares of the company's stock, valued at $89,984,921.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Jeffrey T. Mezger sold 59,157 shares of the firm's stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $60.34, for a total transaction of $3,569,533.38. Following the transaction, the chief executive officer now directly owns 1,491,298 shares in the company, valued at $89,984,921.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey T. Mezger sold 165,307 shares of the business's stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $59.40, for a total transaction of $9,819,235.80. Following the sale, the chief executive officer now owns 1,491,298 shares of the company's stock, valued at approximately $88,583,101.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 373,635 shares of company stock valued at $22,400,005. Insiders own 3.52% of the company's stock.

Hedge Funds Weigh In On KB Home

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. acquired a new position in KB Home during the 2nd quarter valued at approximately $26,000. Manchester Capital Management LLC boosted its holdings in shares of KB Home by 433.0% during the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company's stock valued at $30,000 after acquiring an additional 394 shares during the period. Bessemer Group Inc. bought a new position in shares of KB Home during the second quarter worth about $34,000. Lazard Asset Management LLC acquired a new stake in shares of KB Home in the 1st quarter worth about $40,000. Finally, Fifth Third Bancorp lifted its position in KB Home by 40.9% in the 3rd quarter. Fifth Third Bancorp now owns 930 shares of the construction company's stock valued at $43,000 after purchasing an additional 270 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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.