KB Home (NYSE:KBH) Receives Consensus Recommendation of “Hold” from Analysts

KB Home (NYSE:KBH) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $71.88.

KBH has been the subject of a number of research reports. Royal Bank of Canada upped their target price on shares of KB Home from $69.00 to $70.00 and gave the company a “sector perform” rating in a report on Thursday, June 20th. Keefe, Bruyette & Woods increased their target price on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research note on Thursday, June 20th. Zelman & Associates restated an “underperform” rating and issued a $69.00 price objective on shares of KB Home in a report on Monday, May 13th. Wedbush increased their target price on shares of KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, June 20th. Finally, Evercore ISI increased their price objective on KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th.

Institutional Investors Weigh In On KB Home

Hedge funds and other institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd raised its position in KB Home by 754.7% during the 2nd quarter. WINTON GROUP Ltd now owns 206,789 shares of the construction company’s stock worth $14,512,000 after buying an additional 182,595 shares during the last quarter. Vest Financial LLC increased its holdings in shares of KB Home by 26.9% during the 2nd quarter. Vest Financial LLC now owns 15,804 shares of the construction company’s stock worth $1,109,000 after buying an additional 3,347 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in shares of KB Home during the 2nd quarter valued at approximately $214,000. American Century Companies Inc. lifted its holdings in KB Home by 9.6% in the second quarter. American Century Companies Inc. now owns 1,684,863 shares of the construction company’s stock valued at $118,244,000 after acquiring an additional 147,326 shares during the last quarter. Finally, AdvisorShares Investments LLC acquired a new stake in shares of KB Home during the second quarter valued at about $479,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

KB Home Stock Performance

Shares of NYSE:KBH opened at $80.17 on Monday. KB Home has a 52 week low of $42.11 and a 52 week high of $88.31. The firm’s fifty day moving average is $73.66 and its 200-day moving average is $68.59. The firm has a market cap of $6.03 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.84 and a beta of 1.80.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 18th. The construction company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.78 by $0.37. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Sell-side analysts forecast that KB Home will post 8.38 EPS for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, August 8th. KB Home’s dividend payout ratio is 13.23%.

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.