KB Home (NYSE:KBH) Receives $59.17 Consensus Price Target from Brokerages

Shares of KB Home (NYSE:KBH) have received a consensus rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $59.1667.

A number of research analysts have recently weighed in on the company. UBS Group dropped their price target on KB Home from $71.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Royal Bank Of Canada dropped their price target on KB Home from $54.00 to $53.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 25th. Citizens Jmp assumed coverage on KB Home in a research report on Tuesday, March 24th. They issued an “outperform” rating and a $77.00 price target for the company. Seaport Research Partners restated a “sell” rating and issued a $43.00 price target (down from $65.00) on shares of KB Home in a research report on Tuesday, April 7th. Finally, Barclays dropped their price target on KB Home from $62.00 to $56.00 and set an “overweight” rating for the company in a research report on Wednesday, March 25th.

Hedge Funds Weigh In On KB Home

A number of institutional investors have recently made changes to their positions in KBH. United Services Automobile Association acquired a new position in shares of KB Home in the first quarter worth $226,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of KB Home by 5.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,525 shares of the construction company’s stock worth $13,108,000 after acquiring an additional 11,103 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of KB Home by 23.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,530 shares of the construction company’s stock worth $134,000 after acquiring an additional 482 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of KB Home by 341.2% in the second quarter. Marshall Wace LLP now owns 86,667 shares of the construction company’s stock worth $4,591,000 after acquiring an additional 67,023 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new position in shares of KB Home in the second quarter worth $711,000. 96.09% of the stock is owned by institutional investors and hedge funds.

KB Home Stock Performance

Shares of KBH stock opened at $48.64 on Friday. The stock has a fifty day moving average price of $51.26 and a 200 day moving average price of $57.55. The stock has a market cap of $3.05 billion, a PE ratio of 12.34, a P/E/G ratio of 8.58 and a beta of 1.42. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71.

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

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, May 7th. KB Home’s dividend payout ratio is 25.38%.

About KB Home

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.