Zelman & Associates Reiterates Underperform Rating for KB Home (NYSE:KBH)

Zelman & Associates reaffirmed their underperform rating on shares of KB Home (NYSE:KBH - Free Report) in a report published on Monday morning, Benzinga reports. They currently have a $69.00 target price on the construction company's stock.

Several other research firms have also issued reports on KBH. Evercore ISI lowered their target price on shares of KB Home from $82.00 to $78.00 and set an outperform rating on the stock in a research note on Thursday, March 21st. Royal Bank of Canada upped their target price on KB Home from $63.00 to $69.00 and gave the stock a sector perform rating in a research note on Thursday, March 21st. The Goldman Sachs Group lifted their price target on shares of KB Home from $61.00 to $70.00 and gave the company a neutral rating in a research note on Friday, March 22nd. Raymond James lifted their target price 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. Finally, StockNews.com downgraded shares of KB Home from a buy rating to a hold rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $66.30.

KB Home Trading Down 0.1 %

Shares of NYSE:KBH traded down $0.05 during trading on Monday, reaching $70.09. The stock had a trading volume of 1,327,976 shares, compared to its average volume of 1,158,761. The firm's 50-day simple moving average is $67.06 and its 200 day simple moving average is $61.17. KB Home has a one year low of $42.11 and a one year high of $72.00. The company has a market capitalization of $5.32 billion, a P/E ratio of 9.54, a PEG ratio of 0.79 and a beta of 1.74.

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

KB Home Increases Dividend

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

Insiders Place Their Bets

In other KB Home news, EVP Albert Z. Praw sold 22,160 shares of the company's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the sale, the executive vice president now owns 135,512 shares in the company, valued at approximately $9,500,746.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Albert Z. Praw sold 22,160 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $70.11, for a total value of $1,553,637.60. Following the transaction, the executive vice president now owns 135,512 shares of the company's stock, valued at $9,500,746.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeff Kaminski sold 38,386 shares of the business's stock in a transaction that occurred on Tuesday, April 9th. The stock was 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 approximately $2,294,522.88. The disclosure for this sale can be found here. Insiders sold a total of 64,460 shares of company stock worth $4,384,468 over the last 90 days. Corporate insiders own 4.44% of the company's stock.

Institutional Trading of KB Home

A number of large investors have recently bought and sold shares of the business. US Bancorp DE increased its holdings in shares of KB Home by 1.6% in the first quarter. US Bancorp DE now owns 12,317 shares of the construction company's stock valued at $873,000 after purchasing an additional 191 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of KB Home by 3.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,355 shares of the construction company's stock valued at $334,000 after acquiring an additional 200 shares in the last quarter. Beck Bode LLC increased its stake in shares of KB Home by 0.4% during the fourth quarter. Beck Bode LLC now owns 57,114 shares of the construction company's stock worth $3,567,000 after acquiring an additional 228 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in KB Home by 2.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company's stock worth $782,000 after purchasing an additional 231 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in KB Home by 40.9% in the third 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 period. Institutional investors and hedge funds 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.