KB Home (NYSE:KBH) Receives $76.21 Average Price Target from Brokerages

Shares of KB Home (NYSE:KBH) have earned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $76.21.

Several brokerages have issued reports on KBH. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and lowered their price target for the company from $70.00 to $67.00 in a report on Friday, January 10th. Seaport Res Ptn raised shares of KB Home from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 14th. Barclays lowered their price target on shares of KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Raymond James restated an “outperform” rating and issued a $80.00 target price (down previously from $93.00) on shares of KB Home in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods reduced their target price on shares of KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a research note on Friday, January 17th.

Insiders Place Their Bets

In other KB Home news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $68.77, for a total transaction of $1,891,175.00. Following the completion of the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,370,708.21. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.44% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KBH. Financial Management Professionals Inc. bought a new position in shares of KB Home in the third quarter worth $32,000. Jones Financial Companies Lllp boosted its holdings in shares of KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock worth $36,000 after buying an additional 214 shares in the last quarter. Principal Securities Inc. raised its position in shares of KB Home by 43.6% during the fourth quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after purchasing an additional 179 shares during the period. Riggs Asset Managment Co. Inc. acquired a new position in shares of KB Home during the third quarter worth approximately $43,000. Finally, Versant Capital Management Inc raised its position in shares of KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the period. Institutional investors own 96.09% of the company’s stock.

KB Home Price Performance

NYSE KBH opened at $61.30 on Friday. The company has a quick ratio of 0.83, a current ratio of 5.51 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $4.42 billion, a PE ratio of 7.24, a price-to-earnings-growth ratio of 0.90 and a beta of 1.86. The company has a 50 day moving average price of $66.03 and a two-hundred day moving average price of $75.91. KB Home has a 12-month low of $60.26 and a 12-month high of $89.70.

KB Home (NYSE:KBH) last released its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. KB Home had a net margin of 9.45% and a return on equity of 16.46%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts predict that KB Home will post 8.42 earnings per share for the current fiscal year.

KB Home Announces Dividend

The company 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, February 6th. KB Home’s dividend payout ratio (DPR) is currently 11.81%.

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.