Analysts Set KB Home (NYSE:KBH) Target Price at $71.88

KB Home (NYSE:KBH) has earned an average recommendation of “Hold” from the thirteen research firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $72.88.

A number of equities analysts have commented on KBH shares. Evercore ISI boosted their price target on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wedbush boosted their target price on KB Home from $64.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. Keefe, Bruyette & Woods raised their price target on KB Home from $74.00 to $77.00 and gave the company a “market perform” rating in a report on Thursday, June 20th. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a research note on Thursday. Finally, The Goldman Sachs Group raised their target price on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday.

Institutional Investors Weigh In On KB Home

Several institutional investors have recently modified their holdings of KBH. Manchester Capital Management LLC grew its holdings in KB Home by 433.0% during the 4th quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock worth $30,000 after acquiring an additional 394 shares during the period. GAMMA Investing LLC acquired a new stake in shares of KB Home during the fourth quarter worth $47,000. Fidelis Capital Partners LLC acquired a new stake in shares of KB Home during the first quarter worth $60,000. Plato Investment Management Ltd increased its holdings in KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after purchasing an additional 452 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after buying an additional 963 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Price Performance

KB Home stock opened at $78.86 on Friday. The business has a 50 day simple moving average of $78.54 and a 200 day simple moving average of $71.51. The company has a market capitalization of $5.93 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 0.84 and a beta of 1.80. KB Home has a one year low of $42.11 and a one year high of $88.31.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, June 18th. The construction company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.37. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Equities analysts anticipate that KB Home will post 8.38 earnings per share for the current fiscal year.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders 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 dividend on an annualized basis and a yield of 1.27%. KB Home’s payout ratio is presently 13.23%.

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.