KB Home (NYSE:KBH) Given Consensus Rating of “Hold” by Brokerages

KB Home (NYSE:KBH) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $75.21.

KBH has been the subject of several research analyst reports. Seaport Res Ptn raised KB Home from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and cut their price objective for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Barclays reduced their price objective on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Raymond James restated an “outperform” rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a research note on Wednesday, January 15th.

KB Home Price Performance

Shares of KBH opened at $59.61 on Tuesday. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 0.90 and a beta of 1.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.83 and a current ratio of 5.51. KB Home has a one year low of $58.80 and a one year high of $89.70. The stock’s fifty day moving average is $64.22 and its 200-day moving average is $73.12.

KB Home (NYSE:KBH) last announced its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the business posted $1.85 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.68%. KB Home’s dividend payout ratio (DPR) is presently 11.81%.

Insiders Place Their Bets

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the transaction, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,370,708.21. The trade was a 44.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.89% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KBH. FMR LLC increased its stake in shares of KB Home by 47.9% in the 3rd quarter. FMR LLC now owns 5,411,255 shares of the construction company’s stock valued at $463,690,000 after purchasing an additional 1,752,498 shares during the last quarter. Holocene Advisors LP bought a new position in shares of KB Home in the 3rd quarter valued at $89,899,000. Norges Bank bought a new position in shares of KB Home in the 4th quarter valued at $49,638,000. Hennessy Advisors Inc. bought a new stake in KB Home during the 4th quarter worth $44,118,000. Finally, Two Sigma Advisers LP grew its position in KB Home by 4,408.6% during the 4th quarter. Two Sigma Advisers LP now owns 523,000 shares of the construction company’s stock worth $34,372,000 after acquiring an additional 511,400 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

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.