Analysts Set KB Home (NYSE:KBH) Price Target at $76.63

Shares of KB Home (NYSE:KBH) have earned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $76.21.

Several equities analysts have issued reports on KBH shares. Evercore ISI upped their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Bank of America decreased their price target on shares of KB Home from $76.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Raymond James reaffirmed an “outperform” rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th.

KB Home Price Performance

KBH stock opened at $67.07 on Monday. The company has a 50 day simple moving average of $70.62 and a 200 day simple moving average of $77.75. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 7.92, a P/E/G ratio of 0.97 and a beta of 1.86. KB Home has a 1 year low of $58.15 and a 1 year high of $89.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.51 and a quick ratio of 0.34.

KB Home (NYSE:KBH) last released its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the company earned $1.85 EPS. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. KB Home’s dividend payout ratio is currently 11.81%.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,370,708.21. This trade represents a 44.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.44% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KB Home

Several large investors have recently modified their holdings of KBH. FMR LLC grew its holdings in KB Home by 47.9% during the third quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the period. Holocene Advisors LP purchased a new stake in KB Home during the third quarter valued at about $89,899,000. Hennessy Advisors Inc. bought a new position in KB Home during the fourth quarter worth about $44,118,000. Charles Schwab Investment Management Inc. increased its stake in shares of KB Home by 22.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 906,236 shares of the construction company’s stock worth $77,655,000 after purchasing an additional 164,010 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in shares of KB Home by 201.8% in the third quarter. Empowered Funds LLC now owns 216,645 shares of the construction company’s stock worth $18,564,000 after purchasing an additional 144,854 shares in the last quarter. 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.