KB Home (KBH) Cut to “Buy” at ValuEngine
ValuEngine cut shares of KB Home (NYSE:KBH) from a strong-buy rating to a buy rating in a research note released on Thursday morning.
Other equities research analysts also recently issued reports about the company. Mizuho set a $35.00 price target on KB Home and gave the stock a hold rating in a research note on Thursday, January 18th. Zacks Investment Research downgraded KB Home from a buy rating to a hold rating in a research note on Monday, December 4th. Royal Bank of Canada reaffirmed a hold rating and set a $31.00 price target on shares of KB Home in a research note on Wednesday, November 15th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $33.00 price target on shares of KB Home in a research note on Friday, December 22nd. Finally, Credit Suisse Group reaffirmed a neutral rating and set a $31.00 price target (up from $25.00) on shares of KB Home in a research note on Thursday, January 11th. Six analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $29.07.
KB Home (KBH) traded up $0.23 on Thursday, hitting $28.10. The stock had a trading volume of 1,110,382 shares, compared to its average volume of 2,294,783. KB Home has a 52 week low of $17.60 and a 52 week high of $38.80. The company has a debt-to-equity ratio of 1.21, a current ratio of 5.36 and a quick ratio of 1.22. The stock has a market cap of $2,438.01, a P/E ratio of 15.36, a PEG ratio of 0.71 and a beta of 1.54.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend was Wednesday, February 7th. KB Home’s dividend payout ratio is 5.46%.
In other KB Home news, SVP Thomas F. Norton sold 47,179 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $30.32, for a total value of $1,430,467.28. Following the sale, the senior vice president now owns 103,562 shares of the company’s stock, valued at approximately $3,139,999.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeff Kaminski sold 125,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $32.53, for a total value of $4,066,250.00. Following the completion of the sale, the chief financial officer now directly owns 237,775 shares in the company, valued at approximately $7,734,820.75. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KBH. AllSquare Wealth Management LLC acquired a new stake in KB Home in the 3rd quarter valued at approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in KB Home by 83.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock valued at $137,000 after buying an additional 1,947 shares during the last quarter. Strs Ohio acquired a new stake in KB Home in the 4th quarter valued at approximately $162,000. Greenwood Capital Associates LLC acquired a new stake in KB Home in the 3rd quarter valued at approximately $207,000. Finally, Suntrust Banks Inc. acquired a new stake in KB Home in the 4th quarter valued at approximately $208,000. 94.69% of the stock is currently owned by hedge funds and other institutional investors.
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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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