KB Home (NYSE:KBH) Price Target Raised to $73.00

KB Home (NYSE:KBH) had its price target lifted by Evercore ISI from $70.00 to $73.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an outperform rating on the construction company’s stock.

Several other brokerages have also commented on KBH. UBS Group restated a “buy” rating on shares of KB Home in a research report on Thursday. Wells Fargo & Company upped their price target on KB Home from $50.00 to $60.00 and gave the stock an “underweight” rating in a research note on Tuesday, September 2nd. Oppenheimer initiated coverage on KB Home in a research note on Wednesday, September 3rd. They set a “market perform” rating on the stock. Raymond James Financial upped their price target on KB Home from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wall Street Zen raised KB Home from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, KB Home presently has an average rating of “Hold” and a consensus price target of $67.23.

KB Home Stock Up 2.1%

Shares of KB Home stock opened at $63.32 on Thursday. KB Home has a one year low of $48.90 and a one year high of $86.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.13 and a quick ratio of 0.60. The stock’s 50-day moving average is $61.88 and its 200 day moving average is $56.91. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 5.12 and a beta of 1.36.

KB Home (NYSE:KBH) last announced its earnings results on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.50 by $0.11. KB Home had a return on equity of 12.91% and a net margin of 7.92%.The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the company earned $2.04 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities research analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. KB Home’s dividend payout ratio is 14.04%.

Insider Activity at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total value of $749,280.00. Following the completion of the sale, the chief operating officer directly owned 78,345 shares of the company’s stock, valued at $4,193,024.40. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.89% of the stock is currently owned by company insiders.

Institutional Trading of KB Home

Institutional investors and hedge funds have recently modified their holdings of the stock. Yousif Capital Management LLC grew its holdings in KB Home by 0.8% during the second quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock valued at $1,353,000 after purchasing an additional 209 shares during the period. CWM LLC grew its holdings in KB Home by 11.8% during the first quarter. CWM LLC now owns 2,007 shares of the construction company’s stock valued at $117,000 after purchasing an additional 212 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in KB Home by 1.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 12,854 shares of the construction company’s stock valued at $729,000 after purchasing an additional 221 shares during the period. Manchester Capital Management LLC grew its holdings in KB Home by 30.1% during the first quarter. Manchester Capital Management LLC now owns 955 shares of the construction company’s stock valued at $56,000 after purchasing an additional 221 shares during the period. Finally, Securian Asset Management Inc. grew its holdings in KB Home by 4.6% during the second quarter. Securian Asset Management Inc. now owns 5,462 shares of the construction company’s stock valued at $289,000 after purchasing an additional 238 shares during the period. 96.09% of the stock is owned by hedge funds and other institutional investors.

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.