Shares of KB Home (NYSE:KBH) have been assigned a consensus recommendation of “Hold” from the twenty-one ratings firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.29.

KBH has been the topic of several research reports. Evercore ISI upgraded KB Home from an “in-line” rating to an “outperform” rating in a research note on Thursday, October 25th. They noted that the move was a valuation call. Barclays lowered their price target on KB Home from $27.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 15th. Bank of America boosted their price target on KB Home from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, September 26th. Credit Suisse Group lowered their price target on KB Home from $18.00 to $16.00 and set a “sell” rating on the stock in a research note on Thursday, November 15th. Finally, Wedbush restated a “neutral” rating and set a $29.00 price target (up from $25.00) on shares of KB Home in a research note on Thursday, September 20th.

Shares of NYSE KBH traded down $1.15 during trading hours on Friday, hitting $20.02. 2,663,322 shares of the company’s stock were exchanged, compared to its average volume of 2,249,044. KB Home has a 1-year low of $16.82 and a 1-year high of $38.80. The stock has a market capitalization of $1.87 billion, a PE ratio of 10.82, a P/E/G ratio of 0.48 and a beta of 1.55.

KB Home (NYSE:KBH) last posted its quarterly earnings data on Tuesday, September 25th. The construction company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.10. KB Home had a return on equity of 13.96% and a net margin of 3.43%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. As a group, sell-side analysts predict that KB Home will post 2.84 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, November 14th. KB Home’s dividend payout ratio is 5.41%.

In other KB Home news, SVP William R. Hollinger sold 79,564 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $23.96, for a total transaction of $1,906,353.44. Following the transaction, the senior vice president now owns 234,539 shares of the company’s stock, valued at approximately $5,619,554.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of KBH. Principal Financial Group Inc. lifted its stake in shares of KB Home by 4.4% in the 1st quarter. Principal Financial Group Inc. now owns 477,076 shares of the construction company’s stock valued at $13,573,000 after purchasing an additional 20,079 shares during the period. Bank of Montreal Can acquired a new stake in KB Home during the 2nd quarter worth $3,771,000. Nisa Investment Advisors LLC acquired a new stake in KB Home during the 2nd quarter worth $1,009,000. Hartford Investment Management Co. acquired a new stake in KB Home during the 2nd quarter worth $281,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in KB Home during the 2nd quarter worth $6,606,000. 86.42% of the stock is currently owned by institutional investors.

About KB Home

KB Home operates as a homebuilding company in the United States. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, and active adult homebuyers. The company also provides property and casualty insurance, as well as earthquake, flood, and personal property insurance to its homebuyers; title services; and mortgage banking services, including residential mortgage loan originations to its homebuyers.

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Analyst Recommendations for KB Home (NYSE:KBH)

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