KB Home (NYSE:KBH) – Research analysts at Wedbush lowered their Q4 2021 earnings per share estimates for KB Home in a research note issued to investors on Wednesday, September 22nd. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $1.86 for the quarter, down from their previous estimate of $2.13. Wedbush has a “Outperform” rating and a $60.00 price objective on the stock. Wedbush also issued estimates for KB Home’s Q1 2022 earnings at $1.44 EPS and Q4 2022 earnings at $2.50 EPS.
Several other brokerages have also recently commented on KBH. Royal Bank of Canada increased their price target on KB Home from $47.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “sell” rating and set a $45.00 price target for the company. in a research note on Monday, September 20th. Seaport Global Securities upgraded shares of KB Home from a “neutral” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Monday, July 19th. Finally, Seaport Res Ptn upgraded KB Home from a “neutral” rating to a “buy” rating in a report on Monday, July 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $50.42.
KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, September 21st. The construction company reported $1.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.60. KB Home had a net margin of 8.90% and a return on equity of 15.64%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the business earned $0.83 EPS. The company’s revenue was up 46.9% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Thursday, August 19th. Investors of record on Thursday, August 5th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Wednesday, August 4th. KB Home’s dividend payout ratio (DPR) is currently 19.17%.
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of KB Home by 22.2% in the 1st quarter. BlackRock Inc. now owns 13,623,218 shares of the construction company’s stock valued at $633,885,000 after buying an additional 2,471,299 shares in the last quarter. Millennium Management LLC raised its position in KB Home by 961.8% during the second quarter. Millennium Management LLC now owns 1,473,440 shares of the construction company’s stock valued at $59,998,000 after purchasing an additional 1,334,668 shares in the last quarter. Boston Common Asset Management LLC lifted its stake in KB Home by 277.4% during the second quarter. Boston Common Asset Management LLC now owns 778,766 shares of the construction company’s stock worth $31,711,000 after purchasing an additional 572,426 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of KB Home in the 1st quarter valued at $18,826,000. Finally, Holocene Advisors LP increased its stake in shares of KB Home by 2,948.6% in the 1st quarter. Holocene Advisors LP now owns 409,329 shares of the construction company’s stock valued at $19,046,000 after purchasing an additional 395,902 shares during the last quarter. Hedge funds and other institutional investors own 85.90% of the company’s stock.
KB Home Company Profile
KB Home engages in selling and building a variety of new homes. It builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums. The firm operates through the following segments: West Coast, Southwest, Central, and Southeast. It offer homes in development communities, at urban in-fill locations and as part of mixed-use projects.
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