KB Home (NYSE:KBH) Releases Earnings Results, Beats Estimates By $0.19 EPS

KB Home (NYSE:KBHGet Rating) issued its earnings results on Wednesday. The construction company reported $2.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.19, Briefing.com reports. KB Home had a net margin of 11.67% and a return on equity of 24.60%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business earned $1.64 earnings per share. KB Home’s revenue for the quarter was up 25.8% on a year-over-year basis.

KB Home Price Performance

KBH stock opened at $26.60 on Friday. The company has a market capitalization of $2.32 billion, a PE ratio of 3.11, a P/E/G ratio of 0.37 and a beta of 1.64. KB Home has a 12 month low of $24.78 and a 12 month high of $50.20. The firm’s 50-day moving average is $30.51 and its 200 day moving average is $31.93.

KB Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Investors of record on Thursday, August 4th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.26%. The ex-dividend date was Wednesday, August 3rd. KB Home’s dividend payout ratio is presently 7.01%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Fuller & Thaler Asset Management Inc. grew its holdings in KB Home by 125.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company’s stock worth $67,281,000 after acquiring an additional 1,156,233 shares in the last quarter. Invesco Ltd. grew its holdings in KB Home by 50.7% during the 1st quarter. Invesco Ltd. now owns 428,627 shares of the construction company’s stock worth $13,879,000 after acquiring an additional 144,154 shares in the last quarter. State Street Corp grew its holdings in KB Home by 5.4% during the 1st quarter. State Street Corp now owns 2,740,695 shares of the construction company’s stock worth $88,744,000 after acquiring an additional 139,643 shares in the last quarter. Vanguard Group Inc. grew its holdings in KB Home by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 7,970,899 shares of the construction company’s stock worth $258,098,000 after acquiring an additional 108,191 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in KB Home by 2.2% during the 2nd quarter. Macquarie Group Ltd. now owns 3,980,992 shares of the construction company’s stock worth $113,299,000 after acquiring an additional 85,582 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company decreased their price target on shares of KB Home from $40.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday, June 17th. UBS Group decreased their price target on shares of KB Home from $66.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, June 16th. TheStreet downgraded shares of KB Home from a “b-” rating to a “c+” rating in a research note on Friday, June 17th. KeyCorp raised shares of KB Home from an “underweight” rating to a “sector weight” rating in a research note on Monday. Finally, Raymond James decreased their price target on shares of KB Home from $63.00 to $44.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, KB Home has a consensus rating of “Moderate Buy” and an average target price of $39.00.

About KB Home

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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.

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Earnings History for KB Home (NYSE:KBH)

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