KB Home (KBH) Receives $29.07 Consensus PT from Brokerages
KB Home (NYSE:KBH) has been given an average recommendation of “Hold” by the twenty analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $28.36.
A number of analysts have weighed in on KBH shares. Citigroup lowered shares of KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price objective for the company. in a research note on Tuesday, January 2nd. Zacks Investment Research upgraded shares of KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, January 9th. Royal Bank of Canada restated a “hold” rating and set a $31.00 price objective on shares of KB Home in a research note on Wednesday, November 15th. JPMorgan Chase & Co. restated an “underweight” rating and set a $27.00 price objective (up from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Finally, ValuEngine upgraded shares of KB Home from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st.
Shares of KB Home (NYSE KBH) traded up $0.23 during trading on Wednesday, hitting $28.10. 1,110,382 shares of the company traded hands, compared to its average volume of 2,294,783. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.22 and a current ratio of 5.36. The company has a market cap of $2,418.06, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 0.71 and a beta of 1.54. KB Home has a 52 week low of $17.60 and a 52 week high of $38.80.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Thursday, February 8th were paid a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.36%. KB Home’s dividend payout ratio is presently 5.46%.
In other news, SVP Thomas F. Norton sold 47,179 shares of KB Home stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $30.32, for a total value of $1,430,467.28. Following the completion of the sale, the senior vice president now directly owns 103,562 shares in the company, valued at $3,139,999.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeff Kaminski sold 125,000 shares of KB Home stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total transaction of $4,066,250.00. Following the completion of the sale, the chief financial officer now owns 237,775 shares of the company’s stock, valued at $7,734,820.75. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in KBH. AllSquare Wealth Management LLC bought a new stake in shares of KB Home in the third quarter worth approximately $113,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of KB Home by 83.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,284 shares of the construction company’s stock worth $137,000 after acquiring an additional 1,947 shares during the period. Strs Ohio purchased a new position in shares of KB Home in the fourth quarter worth approximately $162,000. Greenwood Capital Associates LLC purchased a new position in shares of KB Home in the third quarter worth approximately $207,000. Finally, Suntrust Banks Inc. purchased a new position in shares of KB Home in the fourth quarter worth approximately $208,000. Hedge funds and other institutional investors own 94.69% of the company’s stock.
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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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