KB Home (NYSE:KBH) Receives $66.11 Consensus Target Price from Brokerages

KB Home (NYSE:KBH - Get Free Report) has earned an average recommendation of "Hold" from the twelve analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $66.11.

KBH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of KB Home from $67.00 to $77.00 and gave the company a "market perform" rating in a research report on Thursday, March 28th. UBS Group upped their price objective on shares of KB Home from $82.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, March 21st. Raymond James upped their price objective on shares of KB Home from $61.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, January 18th. Evercore ISI lowered their price objective on shares of KB Home from $82.00 to $78.00 and set an "outperform" rating for the company in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of KB Home from $68.50 to $70.50 and gave the company a "neutral" rating in a research report on Wednesday, March 27th.

Insider Activity

In other news, CAO William R. Hollinger sold 45,471 shares of the firm's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.47, for a total value of $2,749,631.37. Following the completion of the transaction, the chief accounting officer now owns 109,981 shares in the company, valued at approximately $6,650,551.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Arthur Reginald Collins sold 5,500 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $60.12, for a total value of $330,660.00. Following the completion of the transaction, the director now owns 9,098 shares in the company, valued at approximately $546,971.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO William R. Hollinger sold 45,471 shares of the firm's stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.47, for a total value of $2,749,631.37. Following the completion of the transaction, the chief accounting officer now owns 109,981 shares of the company's stock, valued at approximately $6,650,551.07. The disclosure for this sale can be found here. Insiders sold 172,629 shares of company stock worth $10,675,718 in the last quarter. Corporate insiders own 4.44% of the company's stock.

Institutional Investors Weigh In On KB Home

Several hedge funds have recently bought and sold shares of the company. Summit Financial LLC acquired a new stake in KB Home in the 1st quarter valued at about $226,000. Wedge Capital Management L L P NC lifted its stake in KB Home by 2,728.9% in the 1st quarter. Wedge Capital Management L L P NC now owns 642,869 shares of the construction company's stock valued at $45,567,000 after purchasing an additional 620,144 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in KB Home in the 1st quarter valued at about $41,000. Raymond James & Associates lifted its stake in KB Home by 204.8% in the 1st quarter. Raymond James & Associates now owns 85,987 shares of the construction company's stock valued at $6,095,000 after purchasing an additional 57,774 shares during the last quarter. Finally, Signature Wealth Management Group lifted its stake in KB Home by 5.6% in the 1st quarter. Signature Wealth Management Group now owns 28,588 shares of the construction company's stock valued at $2,026,000 after purchasing an additional 1,514 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

KB Home Price Performance

Shares of KB Home stock traded up $1.33 on Friday, hitting $65.60. 717,433 shares of the company's stock traded hands, compared to its average volume of 933,649. The firm's 50-day moving average price is $66.19 and its two-hundred day moving average price is $59.32. The stock has a market capitalization of $4.98 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.73 and a beta of 1.73. KB Home has a one year low of $41.33 and a one year high of $72.00.

KB Home (NYSE:KBH - Get Free Report) last issued its 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. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.45 EPS. On average, analysts forecast that KB Home will post 8.01 earnings per share for the current fiscal year.

KB Home Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a $0.25 dividend. This is a boost from KB Home's previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.52%. KB Home's dividend payout ratio (DPR) is presently 10.88%.

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.