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

Shares of KB Home (NYSE:KBH - Get Free Report) have been assigned a consensus rating of "Hold" from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $66.30.

KBH has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upped their price target on shares of KB Home from $67.00 to $77.00 and gave the stock a "market perform" rating in a research report on Thursday, March 28th. Wells Fargo & Company upped their target price on shares of KB Home from $65.00 to $70.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 21st. Barclays upped their target price on shares of KB Home from $75.00 to $77.00 and gave the stock an "overweight" rating in a research report on Friday, March 22nd. StockNews.com lowered shares of KB Home from a "buy" rating to a "hold" rating in a research report on Wednesday, April 10th. Finally, Evercore ISI dropped their target price 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.

KB Home Stock Performance

Shares of KBH traded down $1.52 during mid-day trading on Wednesday, reaching $69.78. The stock had a trading volume of 2,491,393 shares, compared to its average volume of 1,197,102. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.83 and a beta of 1.74. KB Home has a 12 month low of $42.11 and a 12 month high of $74.65. The business has a fifty day moving average of $67.54 and a 200 day moving average of $62.47.

KB Home (NYSE:KBH - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.19. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The company's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.45 earnings per share. On average, research analysts forecast that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. This is an increase from KB Home's previous quarterly dividend of $0.20. KB Home's dividend payout ratio is currently 13.61%.

Insider Activity

In other news, CFO Jeff Kaminski sold 38,386 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,294,522.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Jeff Kaminski sold 38,386 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total value of $2,554,972.16. Following the sale, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,294,522.88. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total transaction of $275,858.72. Following the completion of the sale, the director now directly owns 48,217 shares in the company, valued at approximately $3,398,334.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,460 shares of company stock valued at $4,384,468. 3.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Swedbank AB purchased a new position in KB Home in the 1st quarter worth about $13,047,000. Virtu Financial LLC purchased a new position in KB Home in the 1st quarter worth about $1,078,000. EMC Capital Management increased its stake in KB Home by 26.7% in the 1st quarter. EMC Capital Management now owns 4,877 shares of the construction company's stock worth $346,000 after buying an additional 1,029 shares during the period. Plato Investment Management Ltd increased its stake in KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock worth $77,000 after buying an additional 452 shares during the period. Finally, Comerica Bank increased its stake in KB Home by 123.0% in the 1st quarter. Comerica Bank now owns 75,154 shares of the construction company's stock worth $5,327,000 after buying an additional 41,452 shares during the period. Hedge funds and other institutional investors 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.