KB Home (NYSE:KBH) PT Lowered to $46.00 at Evercore ISI

KB Home (NYSE:KBHGet Rating) had its target price cut by Evercore ISI from $50.00 to $46.00 in a research note released on Thursday morning, The Fly reports. They currently have an outperform rating on the construction company’s stock.

Several other analysts have also weighed in on the stock. KeyCorp upgraded shares of KB Home from an underweight rating to a sector weight rating in a research note on Monday. UBS Group lowered their price objective on shares of KB Home from $66.00 to $45.00 and set a buy rating for the company in a research note on Thursday, June 16th. TheStreet lowered shares of KB Home from a b- rating to a c+ rating in a research note on Friday, June 17th. Wedbush lowered their price objective on shares of KB Home from $60.00 to $44.00 in a research note on Thursday. Finally, Raymond James decreased their price target on shares of KB Home from $63.00 to $44.00 and set a strong-buy rating for the company in a research note on Wednesday, June 29th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $39.00.

KB Home Stock Performance

Shares of NYSE KBH opened at $26.60 on Thursday. The company has a market capitalization of $2.32 billion, a P/E ratio of 3.64, a price-to-earnings-growth ratio of 0.38 and a beta of 1.64. KB Home has a 52-week low of $24.78 and a 52-week high of $50.20. The company’s 50 day moving average price is $30.51 and its 200-day moving average price is $31.93.

KB Home (NYSE:KBHGet Rating) last issued its quarterly earnings results on Wednesday, June 22nd. The construction company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.97 by $0.35. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.61 billion. KB Home had a net margin of 10.69% and a return on equity of 21.92%. During the same quarter in the previous year, the company earned $1.50 EPS. Analysts forecast that KB Home will post 10.21 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 18th. Shareholders of record on Thursday, August 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Wednesday, August 3rd. KB Home’s dividend payout ratio is 8.22%.

Hedge Funds Weigh In On KB Home

A number of hedge funds have recently bought and sold shares of the company. Prospera Financial Services Inc purchased a new position in shares of KB Home in the 1st quarter worth about $28,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of KB Home by 1,375.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 900 shares of the construction company’s stock worth $29,000 after buying an additional 839 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of KB Home in the 1st quarter worth about $40,000. Acadian Asset Management LLC boosted its holdings in shares of KB Home by 36.3% in the 4th quarter. Acadian Asset Management LLC now owns 1,601 shares of the construction company’s stock worth $71,000 after buying an additional 426 shares during the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of KB Home in the 2nd quarter worth about $49,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

KB Home Company Profile

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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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