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

KB Home (NYSE:KBH) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $62.7273.

A number of brokerages have recently weighed in on KBH. Royal Bank Of Canada dropped their price objective on shares of KB Home from $59.00 to $54.00 and set a “sector perform” rating for the company in a research note on Friday, December 19th. Keefe, Bruyette & Woods lowered their target price on KB Home from $67.00 to $62.00 and set a “market perform” rating on the stock in a report on Tuesday, December 23rd. Barclays dropped their price target on KB Home from $71.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, December 22nd. Zacks Research downgraded KB Home from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 23rd. Finally, Wells Fargo & Company decreased their price objective on KB Home from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, December 19th.

Hedge Funds Weigh In On KB Home

A number of institutional investors have recently modified their holdings of KBH. State Street Corp boosted its position in KB Home by 3.1% during the second quarter. State Street Corp now owns 3,503,159 shares of the construction company’s stock worth $185,562,000 after acquiring an additional 106,926 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of KB Home by 7.4% during the second quarter. Geode Capital Management LLC now owns 1,784,398 shares of the construction company’s stock worth $94,530,000 after purchasing an additional 123,030 shares during the last quarter. Freestone Grove Partners LP purchased a new stake in shares of KB Home in the third quarter valued at $111,050,000. Invesco Ltd. increased its stake in KB Home by 1.4% in the third quarter. Invesco Ltd. now owns 1,400,892 shares of the construction company’s stock valued at $89,153,000 after purchasing an additional 19,330 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position in KB Home by 13.1% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,054,280 shares of the construction company’s stock worth $59,472,000 after buying an additional 122,457 shares during the period. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Price Performance

KB Home stock opened at $61.02 on Friday. KB Home has a 52 week low of $48.90 and a 52 week high of $68.71. 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’s 50-day simple moving average is $60.28 and its 200 day simple moving average is $61.37. The firm has a market capitalization of $3.85 billion, a PE ratio of 12.43, a P/E/G ratio of 7.96 and a beta of 1.49.

KB Home (NYSE:KBH) last posted its earnings results on Thursday, December 18th. The construction company reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.13. KB Home had a net margin of 6.88% and a return on equity of 11.40%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm posted $2.52 EPS. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, equities research analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Thursday, February 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, February 5th. KB Home’s dividend payout ratio (DPR) is currently 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.