Brokerages Set KB Home (NYSE:KBH) Target Price at $66.86

KB Home (NYSE:KBH) has earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $66.8636.

A number of analysts have issued reports on the company. Wells Fargo & Company boosted their target price on KB Home from $50.00 to $60.00 and gave the company an “underweight” rating in a research report on Tuesday, September 2nd. Wall Street Zen raised KB Home from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Bank of America cut their target price on KB Home from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. Zacks Research raised KB Home from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Barclays set a $49.00 target price on KB Home and gave the company an “equal weight” rating in a research report on Tuesday, June 24th.

KB Home Stock Up 2.8%

KBH stock opened at $67.42 on Tuesday. The firm has a market cap of $4.59 billion, a PE ratio of 8.93, a PEG ratio of 5.33 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83. The firm’s 50 day moving average price is $59.85 and its 200-day moving average price is $56.82. KB Home has a one year low of $48.90 and a one year high of $89.70.

KB Home (NYSE:KBH) last announced its earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.05. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a return on equity of 14.02% and a net margin of 8.47%.The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.15 earnings per share. On average, equities research 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, August 21st. Shareholders of record on Thursday, August 7th were paid a $0.25 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. KB Home’s payout ratio is 13.25%.

Insider Activity at KB Home

In other KB Home news, COO Robert V. Mcgibney sold 14,000 shares of the business’s stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $53.52, for a total value of $749,280.00. Following the completion of the transaction, the chief operating officer owned 78,345 shares in the company, valued at $4,193,024.40. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On KB Home

Several institutional investors have recently modified their holdings of KBH. Norges Bank acquired a new position in shares of KB Home in the second quarter worth $55,329,000. Two Sigma Advisers LP grew its stake in shares of KB Home by 4,408.6% in the fourth 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 in the last quarter. AQR Capital Management LLC grew its stake in shares of KB Home by 116.1% in the first quarter. AQR Capital Management LLC now owns 942,479 shares of the construction company’s stock worth $53,957,000 after acquiring an additional 506,415 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of KB Home by 1,136.2% in the fourth quarter. Two Sigma Investments LP now owns 423,341 shares of the construction company’s stock worth $27,822,000 after acquiring an additional 389,097 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of KB Home by 326.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 456,200 shares of the construction company’s stock worth $26,514,000 after acquiring an additional 349,298 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Company Profile

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.