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. The company also offers financial services, such as insurance products and title services. It has operations in Arizona, California, Colorado, Florida, Nevada, North Carolina, Texas, and Washington. The company was formerly known as Kaufman and Broad Home Corporation and changed its name to KB Home in January 2001. KB Home was founded in 1957 and is headquartered in Los Angeles, California.
KB Home Price Performance
NYSE:KBH opened at $33.46 on Friday. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 4.58, a PEG ratio of 0.51 and a beta of 1.63. The company's 50-day moving average is $30.47 and its two-hundred day moving average is $33.84. KB Home has a 1-year low of $24.78 and a 1-year high of $50.20.
KB Home (NYSE:KBH - Get Rating) last posted its earnings results on Wednesday, June 22nd. The construction company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.35. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.61 billion. KB Home had a net margin of 10.69% and a return on equity of 21.92%. During the same period in the previous year, the business posted $1.50 EPS. As a group, equities analysts anticipate that KB Home will post 10.28 earnings per share for the current fiscal year.
KB Home Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Thursday, August 4th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 3rd. This represents a $0.60 annualized dividend and a yield of 1.79%. KB Home's payout ratio is 8.22%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Wolfe Research cut shares of KB Home from a "market perform" rating to an "underperform" rating and set a $28.00 price objective for the company. in a report on Friday, May 13th. Barclays cut their target price on shares of KB Home from $47.00 to $44.00 and set an "overweight" rating for the company in a research note on Wednesday, June 8th. Wedbush cut their target price on shares of KB Home from $73.00 to $60.00 and set an "outperform" rating for the company in a research note on Thursday, June 23rd. Wells Fargo & Company cut their target price on shares of KB Home from $40.00 to $31.00 and set an "overweight" rating for the company in a research note on Friday, June 17th. Finally, UBS Group cut their target price on shares of KB Home from $66.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, June 16th. Two analysts have rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $42.23.