KB Home (NYSE:KBH) has received a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $26.29.
KBH has been the subject of several analyst reports. ValuEngine upgraded shares of KB Home from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Barclays set a $27.00 price objective on shares of KB Home and gave the company a “hold” rating in a research note on Friday, September 14th. Wedbush reiterated a “neutral” rating and set a $29.00 price objective (up from $25.00) on shares of KB Home in a research note on Thursday, September 20th. Zacks Investment Research downgraded shares of KB Home from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Finally, JMP Securities upgraded shares of KB Home from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Wednesday, September 26th.
Shares of KBH stock traded down $0.17 on Friday, hitting $20.41. The stock had a trading volume of 1,281,864 shares, compared to its average volume of 2,160,167. The company has a market capitalization of $1.77 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 0.43 and a beta of 1.55. KB Home has a 52-week low of $16.82 and a 52-week high of $38.80.
KB Home (NYSE:KBH) last announced its earnings results on Tuesday, September 25th. The construction company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.10. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.27 billion. KB Home had a net margin of 3.43% and a return on equity of 13.96%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. As a group, research analysts forecast that KB Home will post 2.84 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th were paid a dividend of $0.025 per share. The ex-dividend date was Wednesday, November 14th. This represents a $0.10 dividend on an annualized basis and a yield of 0.49%. KB Home’s dividend payout ratio (DPR) is 5.41%.
In other KB Home news, SVP William R. Hollinger sold 79,564 shares of the stock in a transaction on Monday, October 1st. The shares were sold at an average price of $23.96, for a total transaction of $1,906,353.44. Following the transaction, the senior vice president now directly owns 234,539 shares in the company, valued at approximately $5,619,554.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.60% of the company’s stock.
Several large investors have recently modified their holdings of KBH. Prudential Financial Inc. raised its holdings in shares of KB Home by 283.4% during the third quarter. Prudential Financial Inc. now owns 1,289,413 shares of the construction company’s stock worth $30,829,000 after purchasing an additional 953,079 shares during the period. Investec Asset Management LTD acquired a new stake in shares of KB Home during the second quarter worth $23,056,000. Panagora Asset Management Inc. raised its holdings in shares of KB Home by 115.4% during the third quarter. Panagora Asset Management Inc. now owns 932,314 shares of the construction company’s stock worth $22,292,000 after purchasing an additional 499,540 shares during the period. Renaissance Technologies LLC raised its holdings in shares of KB Home by 48.8% during the second quarter. Renaissance Technologies LLC now owns 1,169,100 shares of the construction company’s stock worth $31,846,000 after purchasing an additional 383,200 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of KB Home during the second quarter worth $6,606,000. 86.42% of the stock is currently owned by institutional investors.
About KB Home
KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.
Featured Story: What do investors mean by earnings per share?
Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.