Analysts Set KB Home (NYSE:KBH) PT at $79.17

KB Home (NYSE:KBH) has earned a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $79.17.

KBH has been the topic of several recent research reports. Wedbush raised their price objective on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Barclays downgraded shares of KB Home from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $99.00 to $85.00 in a report on Wednesday, December 11th. Bank of America increased their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. lowered their target price on shares of KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Finally, Wells Fargo & Company cut their price target on KB Home from $83.00 to $74.00 and set an “underweight” rating for the company in a research note on Tuesday, December 17th.

KB Home Stock Performance

Shares of KB Home stock opened at $65.00 on Thursday. The stock has a market cap of $4.77 billion, a P/E ratio of 8.33, a P/E/G ratio of 0.57 and a beta of 1.86. The stock’s fifty day moving average is $75.57 and its 200 day moving average is $78.24. KB Home has a one year low of $58.05 and a one year high of $89.70.

KB Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, November 14th. KB Home’s payout ratio is 12.82%.

Insider Activity

In related news, CFO Jeff Kaminski sold 27,500 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. This trade represents a 44.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.44% of the company’s stock.

Institutional Investors Weigh In On KB Home

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBH. Financial Management Professionals Inc. bought a new position in shares of KB Home during the 3rd quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. purchased a new position in KB Home during the third quarter worth $43,000. Versant Capital Management Inc increased its position in KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock valued at $50,000 after acquiring an additional 557 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in KB Home during the third quarter valued at $59,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of KB Home in the third quarter valued at $61,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

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.