KB Home (NYSE:KBH) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of KB Home (NYSE:KBH) from a strong sell rating to a hold rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Several other analysts have also issued reports on the stock. UBS Group lifted their target price on shares of KB Home from $63.00 to $66.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on shares of KB Home from $50.00 to $52.00 and gave the stock an “underweight” rating in a research report on Wednesday. Citigroup reaffirmed a “market outperform” rating on shares of KB Home in a research note on Wednesday, June 17th. Wall Street Zen upgraded KB Home from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Seaport Research Partners reiterated a “sell” rating and set a $43.00 price objective (down from $65.00) on shares of KB Home in a research note on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.17.

KB Home Stock Performance

KB Home stock opened at $62.15 on Thursday. The company’s fifty day moving average price is $51.81 and its 200 day moving average price is $56.03. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71. The stock has a market capitalization of $3.89 billion, a P/E ratio of 15.77, a P/E/G ratio of 10.56 and a beta of 1.37.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. KB Home had a return on equity of 7.67% and a net margin of 4.94%.KB Home’s revenue was down 27.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 EPS. Sell-side analysts predict that KB Home will post 3.14 EPS for the current year.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 7th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, May 7th. KB Home’s payout ratio is 25.38%.

Institutional Investors Weigh In On KB Home

Large investors have recently modified their holdings of the business. Xponance Inc. lifted its stake in shares of KB Home by 1.6% in the third quarter. Xponance Inc. now owns 10,198 shares of the construction company’s stock worth $649,000 after buying an additional 163 shares in the last quarter. Vista Investment Management boosted its position in KB Home by 3.5% during the fourth quarter. Vista Investment Management now owns 5,117 shares of the construction company’s stock worth $289,000 after acquiring an additional 175 shares during the last quarter. GHE LLC grew its stake in KB Home by 0.7% during the 3rd quarter. GHE LLC now owns 30,983 shares of the construction company’s stock valued at $1,972,000 after acquiring an additional 212 shares in the last quarter. Bessemer Group Inc. grew its stake in KB Home by 80.0% during the 1st quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after acquiring an additional 220 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in KB Home by 73.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 592 shares of the construction company’s stock valued at $33,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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.