Barclays Boosts KB Home (NYSE:KBH) Price Target to $99.00

KB Home (NYSE:KBH) had its price objective hoisted by Barclays from $78.00 to $99.00 in a research note issued to investors on Wednesday morning, Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada cut KB Home from a sector perform rating to an underperform rating and set a $70.00 price target on the stock. in a report on Thursday, September 5th. Keefe, Bruyette & Woods increased their target price on KB Home from $74.00 to $77.00 and gave the company a market perform rating in a report on Thursday, June 20th. The Goldman Sachs Group boosted their price target on KB Home from $72.00 to $82.00 and gave the company a neutral rating in a research note on Tuesday, September 3rd. Evercore ISI increased their price objective on shares of KB Home from $86.00 to $89.00 and gave the stock an outperform rating in a research note on Monday, July 15th. Finally, Wedbush restated a neutral rating and set a $67.00 target price on shares of KB Home in a research report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $77.27.

KB Home Price Performance

Shares of NYSE:KBH opened at $85.94 on Wednesday. KB Home has a 1 year low of $42.11 and a 1 year high of $89.70. The stock’s fifty day moving average price is $82.58 and its 200-day moving average price is $73.62. The company has a market cap of $6.46 billion, a P/E ratio of 11.37, a PEG ratio of 0.89 and a beta of 1.81.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a net margin of 9.43% and a return on equity of 15.66%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.73 billion. During the same period in the previous year, the business earned $1.80 EPS. The business’s revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts anticipate that KB Home will post 8.38 earnings per share for the current year.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. KB Home’s payout ratio is 13.23%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of KBH. Capstone Investment Advisors LLC bought a new position in shares of KB Home in the first quarter worth about $935,000. Hancock Whitney Corp grew its holdings in KB Home by 311.0% during the 1st quarter. Hancock Whitney Corp now owns 16,219 shares of the construction company’s stock valued at $1,150,000 after buying an additional 12,273 shares in the last quarter. Virtu Financial LLC purchased a new stake in KB Home during the 1st quarter valued at approximately $1,078,000. Entropy Technologies LP bought a new stake in shares of KB Home during the first quarter valued at approximately $640,000. Finally, FCF Advisors LLC lifted its holdings in shares of KB Home by 102.9% in the first quarter. FCF Advisors LLC now owns 21,882 shares of the construction company’s stock worth $1,551,000 after buying an additional 11,099 shares in the last quarter. Institutional investors 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.