KB Home (NYSE:KBH) Given Average Recommendation of “Hold” by Analysts

KB Home (NYSE:KBH) has received an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $59.1667.

Several equities analysts have commented on KBH shares. The Goldman Sachs Group decreased their price objective on shares of KB Home from $65.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, March 25th. Barclays cut their target price on shares of KB Home from $62.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 25th. Bank of America dropped their price objective on KB Home from $63.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Weiss Ratings lowered shares of KB Home from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Truist Financial lowered their price objective on shares of KB Home from $54.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 4th.

KB Home Price Performance

NYSE KBH opened at $52.43 on Thursday. KB Home has a 52-week low of $44.03 and a 52-week high of $68.71. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 13.31, a P/E/G ratio of 9.51 and a beta of 1.37. The company’s fifty day moving average is $51.04 and its two-hundred day moving average is $56.34.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, March 24th. The construction company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. KB Home had a net margin of 5.96% and a return on equity of 9.63%. The company’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.49 EPS. As a group, sell-side analysts expect that KB Home will post 3.1 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 7th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.9%. KB Home’s payout ratio is presently 25.38%.

Institutional Investors Weigh In On KB Home

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. increased its position in shares of KB Home by 80.0% during the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock worth $26,000 after acquiring an additional 220 shares in the last quarter. First Horizon Corp increased its position in shares of KB Home by 178.9% during the fourth quarter. First Horizon Corp now owns 502 shares of the construction company’s stock worth $28,000 after acquiring an additional 322 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of KB Home by 73.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock worth $33,000 after acquiring an additional 250 shares in the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of KB Home during the third quarter worth about $36,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of KB Home during the fourth quarter worth about $46,000. 96.09% of the stock is owned by institutional investors.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.