Analysts Set KB Home (NYSE:KBH) Target Price at $71.21

Shares of KB Home (NYSE:KBH) have been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $71.04.

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of KB Home from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Wedbush restated a “neutral” rating and issued a $75.00 target price on shares of KB Home in a research note on Tuesday, March 25th. Evercore ISI increased their price target on KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods cut their price objective on KB Home from $76.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 26th. Finally, Seaport Res Ptn raised KB Home from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 6th.

KB Home Price Performance

KBH stock opened at $50.20 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. The business has a 50-day simple moving average of $59.47 and a two-hundred day simple moving average of $69.32. The company has a market capitalization of $3.60 billion, a P/E ratio of 5.93, a price-to-earnings-growth ratio of 0.90 and a beta of 1.65. KB Home has a 52-week low of $48.90 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last announced its earnings results on Monday, March 24th. The construction company reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.07). KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $1.76 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. Research analysts expect that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is presently 12.20%.

Insider Buying and Selling at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at approximately $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.89% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KBH. Harbor Capital Advisors Inc. boosted its stake in KB Home by 73.7% during the first quarter. Harbor Capital Advisors Inc. now owns 608 shares of the construction company’s stock valued at $35,000 after buying an additional 258 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of KB Home by 65.6% in the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Principal Securities Inc. boosted its position in shares of KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock valued at $39,000 after acquiring an additional 179 shares during the last quarter. Byrne Asset Management LLC grew its holdings in shares of KB Home by 51.8% during the first quarter. Byrne Asset Management LLC now owns 774 shares of the construction company’s stock worth $45,000 after purchasing an additional 264 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of KB Home by 275.7% in the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the last quarter. 96.09% of the stock is owned by institutional investors.

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.