KB Home (KBH) Receives Hold Rating from Royal Bank Of Canada
Royal Bank Of Canada reiterated their hold rating on shares of KB Home (NYSE:KBH) in a report issued on Tuesday morning. The firm currently has a $25.00 target price on the construction company’s stock.
Other research analysts have also recently issued research reports about the company. Wedbush set a $22.00 target price on KB Home and gave the company a buy rating in a research note on Thursday, June 15th. Zacks Investment Research raised KB Home from a hold rating to a buy rating and set a $24.00 target price on the stock in a research note on Wednesday, June 7th. BidaskClub cut KB Home from a strong-buy rating to a buy rating in a research note on Friday, August 11th. Deutsche Bank AG increased their target price on KB Home from $20.00 to $23.00 and gave the company a hold rating in a research note on Friday, June 30th. Finally, MKM Partners raised KB Home to a hold rating and increased their target price for the company from $20.00 to $24.00 in a research note on Tuesday, June 27th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company’s stock. KB Home has a consensus rating of Hold and a consensus target price of $19.88.
KB Home (NYSE KBH) opened at 21.05 on Tuesday. KB Home has a 1-year low of $14.06 and a 1-year high of $24.37. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 16.22 and a beta of 1.62. The firm has a 50-day moving average price of $23.14 and a 200-day moving average price of $20.90.
KB Home (NYSE:KBH) last released its earnings results on Tuesday, June 27th. The construction company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $929.85 million. KB Home had a return on equity of 7.11% and a net margin of 3.13%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, analysts expect that KB Home will post $1.71 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.48%. KB Home’s dividend payout ratio is currently 7.69%.
In other news, CFO Jeff Kaminski sold 163,017 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $23.40, for a total transaction of $3,814,597.80. Following the completion of the sale, the chief financial officer now directly owns 178,251 shares in the company, valued at $4,171,073.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey T. Mezger sold 400,000 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $22.81, for a total transaction of $9,124,000.00. Following the sale, the insider now owns 682,996 shares of the company’s stock, valued at $15,579,138.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 620,422 shares of company stock valued at $14,269,820. 8.60% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Creative Planning raised its stake in KB Home by 34.9% in the second quarter. Creative Planning now owns 4,289 shares of the construction company’s stock worth $103,000 after buying an additional 1,110 shares in the last quarter. Flinton Capital Management LLC raised its stake in KB Home by 22.6% in the first quarter. Flinton Capital Management LLC now owns 5,542 shares of the construction company’s stock worth $110,000 after buying an additional 1,020 shares in the last quarter. LS Investment Advisors LLC raised its stake in KB Home by 18.0% in the second quarter. LS Investment Advisors LLC now owns 6,511 shares of the construction company’s stock worth $156,000 after buying an additional 991 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in KB Home by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 6,749 shares of the construction company’s stock worth $134,000 after buying an additional 639 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in KB Home by 40.2% in the first quarter. Victory Capital Management Inc. now owns 7,047 shares of the construction company’s stock worth $140,000 after buying an additional 2,020 shares in the last quarter. Institutional investors own 98.37% 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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