Brokerages Set KB Home (NYSE:KBH) Target Price at $62.73

KB Home (NYSE:KBH) has earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $62.9167.

KBH has been the subject of a number of research reports. Barclays decreased their price target on KB Home from $71.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, December 22nd. Keefe, Bruyette & Woods cut their price objective on KB Home from $67.00 to $62.00 and set a “market perform” rating for the company in a report on Tuesday, December 23rd. UBS Group decreased their target price on KB Home from $77.00 to $71.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Bank of America dropped their price target on shares of KB Home from $62.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Finally, Royal Bank Of Canada cut their price target on shares of KB Home from $59.00 to $54.00 and set a “sector perform” rating for the company in a report on Friday, December 19th.

Institutional Investors Weigh In On KB Home

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its stake in shares of KB Home by 204.8% during the 3rd quarter. SG Americas Securities LLC now owns 69,078 shares of the construction company’s stock valued at $4,396,000 after buying an additional 46,415 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of KB Home in the third quarter worth $1,551,000. Deprince Race & Zollo Inc. purchased a new stake in shares of KB Home during the third quarter worth $59,301,000. Strs Ohio raised its holdings in shares of KB Home by 1,788.1% during the third quarter. Strs Ohio now owns 79,300 shares of the construction company’s stock worth $5,047,000 after acquiring an additional 75,100 shares in the last quarter. Finally, Creative Planning boosted its position in KB Home by 75.1% during the second quarter. Creative Planning now owns 46,524 shares of the construction company’s stock valued at $2,464,000 after purchasing an additional 19,956 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Stock Performance

Shares of KBH opened at $57.41 on Tuesday. The firm has a market capitalization of $3.63 billion, a PE ratio of 11.69, a P/E/G ratio of 7.60 and a beta of 1.47. The company has a quick ratio of 0.53, a current ratio of 5.77 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $60.78 and a 200 day moving average price of $61.89. KB Home has a 52-week low of $48.90 and a 52-week high of $68.71.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.13. KB Home had a net margin of 6.88% and a return on equity of 11.40%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business posted $2.52 EPS. The business’s revenue for the quarter was down 15.5% compared to the same quarter last year. On average, sell-side analysts anticipate that KB Home will post 8.42 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, February 19th. Investors of record on Thursday, February 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Thursday, February 5th. KB Home’s dividend payout ratio (DPR) is presently 20.37%.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.