Brokerages Set KB Home (NYSE:KBH) Target Price at $76.63

KB Home (NYSE:KBH) has been assigned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $76.21.

A number of equities analysts have recently commented on KBH shares. Barclays cut their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their target price on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Keefe, Bruyette & Woods reduced their target price on KB Home from $85.00 to $76.00 and set a “market perform” rating on the stock in a report on Friday, January 17th. Bank of America dropped their target price on KB Home from $76.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. Finally, UBS Group reduced their price objective on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th.

Insider Transactions at KB Home

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of KB Home by 0.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,494 shares of the construction company’s stock valued at $1,842,000 after purchasing an additional 161 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in KB Home by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after buying an additional 162 shares during the last quarter. Principal Securities Inc. increased its stake in KB Home by 43.6% during the 4th quarter. Principal Securities Inc. now owns 590 shares of the construction company’s stock worth $39,000 after buying an additional 179 shares in the last quarter. CWM LLC raised its holdings in shares of KB Home by 10.2% during the third quarter. CWM LLC now owns 1,975 shares of the construction company’s stock valued at $169,000 after acquiring an additional 183 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in KB Home by 15.3% during the 4th quarter. Blue Trust Inc. now owns 1,465 shares of the construction company’s stock worth $96,000 after purchasing an additional 194 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

KB Home Stock Performance

Shares of KB Home stock opened at $67.07 on Monday. The business has a 50-day moving average price of $70.87 and a two-hundred day moving average price of $77.84. KB Home has a 1-year low of $58.15 and a 1-year high of $89.70. The company has a current ratio of 5.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.42. The company has a market cap of $4.84 billion, a P/E ratio of 7.92, a PEG ratio of 0.97 and a beta of 1.86.

KB Home (NYSE:KBH) last announced 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. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.99 billion. KB Home had a net margin of 9.45% and a return on equity of 16.46%. KB Home’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.85 EPS. As a group, analysts anticipate that KB Home will post 8.42 EPS for the current year.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, February 6th. KB Home’s dividend payout ratio is presently 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.