KB Home (NYSE:KBH) Receives $66.30 Consensus Target Price from Brokerages

KB Home (NYSE:KBH) has been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Two equities research 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. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $66.30.

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. UBS Group increased their price target on shares of KB Home from $82.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Zelman & Associates reissued an “underperform” rating and issued a $69.00 price target on shares of KB Home in a report on Monday, May 13th. Barclays increased their price target on shares of KB Home from $75.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of KB Home from $68.50 to $70.50 and gave the stock a “neutral” rating in a report on Wednesday, March 27th.

KB Home Price Performance

NYSE KBH opened at $70.51 on Wednesday. The firm has a market cap of $5.35 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.79 and a beta of 1.74. The company has a fifty day moving average price of $67.63 and a 200-day moving average price of $62.71. KB Home has a 1 year low of $42.11 and a 1 year high of $74.65.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Wednesday, March 20th. The construction company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.19. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. KB Home had a net margin of 9.29% and a return on equity of 15.78%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, research analysts anticipate that KB Home will post 8.01 EPS for the current fiscal year.

KB Home Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.42%. This is a positive change from KB Home’s previous quarterly dividend of $0.20. The ex-dividend date was Wednesday, May 8th. KB Home’s dividend payout ratio is currently 13.61%.

Insider Buying and Selling at KB Home

In other news, Director Thomas W. Gilligan sold 3,914 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $70.48, for a total transaction of $275,858.72. Following the completion of the transaction, the director now directly owns 48,217 shares in the company, valued at approximately $3,398,334.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $70.48, for a total transaction of $275,858.72. Following the transaction, the director now owns 48,217 shares in the company, valued at $3,398,334.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Albert Z. Praw sold 22,160 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $70.11, for a total value of $1,553,637.60. Following the transaction, the executive vice president now owns 135,512 shares in the company, valued at approximately $9,500,746.32. The disclosure for this sale can be found here. Insiders sold a total of 64,460 shares of company stock valued at $4,384,468 in the last three months. 4.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KBH. Manchester Capital Management LLC increased its position in shares of KB Home by 433.0% in the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock valued at $30,000 after buying an additional 394 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in shares of KB Home in the first quarter valued at approximately $41,000. Fifth Third Bancorp increased its position in shares of KB Home by 40.9% in the third quarter. Fifth Third Bancorp now owns 930 shares of the construction company’s stock valued at $43,000 after buying an additional 270 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of KB Home in the fourth quarter valued at approximately $47,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of KB Home in the fourth quarter valued at approximately $56,000. 96.09% of the stock is owned by institutional investors and hedge funds.

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.