Analysts Set KB Home (KBH) Target Price at $29.07
KB Home (NYSE:KBH) has received an average rating of “Hold” from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $29.07.
A number of research analysts have recently commented on KBH shares. Citigroup cut shares of KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price target on the stock. in a report on Tuesday, January 2nd. Zacks Investment Research cut shares of KB Home from a “buy” rating to a “hold” rating in a report on Monday, December 4th. Royal Bank of Canada restated a “hold” rating and issued a $31.00 price target on shares of KB Home in a report on Wednesday, November 15th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $27.00 price target (up from $25.50) on shares of KB Home in a report on Tuesday, December 19th. Finally, ValuEngine upgraded shares of KB Home from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st.
KB Home (NYSE:KBH) traded up $1.11 during mid-day trading on Friday, reaching $31.19. 3,920,262 shares of the company’s stock were exchanged, compared to its average volume of 3,332,002. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. KB Home has a fifty-two week low of $15.88 and a fifty-two week high of $38.80. The company has a market capitalization of $2,672.38, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.48.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.32%. The ex-dividend date is Wednesday, February 7th. KB Home’s payout ratio is 5.46%.
In other KB Home news, CFO Jeff Kaminski sold 125,000 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the transaction, the chief financial officer now directly owns 237,775 shares in the company, valued at approximately $7,734,820.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of KBH. Hennessy Advisors Inc. bought a new position in KB Home during the 4th quarter worth about $34,238,000. Acadian Asset Management LLC bought a new position in KB Home during the 4th quarter worth about $29,512,000. Vanguard Group Inc. lifted its position in shares of KB Home by 7.7% during the second quarter. Vanguard Group Inc. now owns 6,884,880 shares of the construction company’s stock valued at $165,031,000 after buying an additional 492,594 shares during the last quarter. Capital World Investors lifted its position in shares of KB Home by 30.1% during the second quarter. Capital World Investors now owns 2,117,000 shares of the construction company’s stock valued at $50,744,000 after buying an additional 490,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of KB Home by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,803,374 shares of the construction company’s stock valued at $67,196,000 after buying an additional 394,584 shares during the last quarter. Institutional investors own 98.15% of the company’s stock.
KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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