KB Home (NYSE:KBH) Given Neutral Rating at Wedbush

Wedbush reaffirmed their neutral rating on shares of KB Home (NYSE:KBH) in a research report report published on Thursday, Marketbeat.com reports. They currently have a $67.00 price target on the construction company’s stock.

KBH has been the topic of a number of other reports. Evercore ISI lifted their price objective on shares of KB Home from $86.00 to $89.00 and gave the stock an outperform rating in a report on Monday, July 15th. Wells Fargo & Company boosted their price target on shares of KB Home from $70.00 to $80.00 and gave the stock an equal weight rating in a report on Monday. The Goldman Sachs Group increased their price objective on shares of KB Home from $72.00 to $82.00 and gave the company a neutral rating in a research note on Tuesday, September 3rd. Keefe, Bruyette & Woods boosted their target price on KB Home from $74.00 to $77.00 and gave the stock a market perform rating in a research note on Thursday, June 20th. Finally, Royal Bank of Canada downgraded KB Home from a sector perform rating to an underperform rating and set a $70.00 price target for the company. in a research report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, KB Home has a consensus rating of Hold and an average target price of $73.71.

KB Home Stock Performance

Shares of NYSE KBH opened at $82.13 on Thursday. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.80 and a beta of 1.81. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $88.31. The firm’s 50-day simple moving average is $79.83 and its 200 day simple moving average is $72.14.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 18th. The construction company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.37. The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.64 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. On average, sell-side analysts predict that KB Home will post 8.38 EPS for the current year.

KB Home Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a $0.25 dividend. The ex-dividend date was Thursday, August 8th. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. KB Home’s payout ratio is presently 13.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC lifted its holdings in KB Home by 433.0% during the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock valued at $30,000 after purchasing an additional 394 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of KB Home during the 1st quarter valued at approximately $60,000. Plato Investment Management Ltd boosted its holdings in KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after buying an additional 452 shares during the period. Tortoise Investment Management LLC grew its stake in KB Home by 625.3% in the 2nd 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 in the last quarter. Finally, Headlands Technologies LLC bought a new stake in KB Home during the 1st quarter valued at $120,000. Institutional investors 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.