KB Home (NYSE:KBH) Stock Has Consensus Target Price of $52.08

Shares of KB Home (NYSE:KBH) have received a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $52.08.

A number of brokerages have weighed in on KBH. Barclays reduced their price target on shares of KB Home from $57.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday, September 23rd. Wells Fargo & Company dropped their price objective on shares of KB Home from $50.00 to $42.00 and set an “underweight” rating on the stock in a report on Friday, October 16th. Truist Financial reduced their target price on shares of KB Home from $55.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, September 23rd. Evercore set a $59.00 target price on KB Home in a research report on Wednesday, September 23rd. Finally, Stonex Financial upgraded KB Home to a “hold” rating in a research note on Thursday, October 15th.

KB Home Stock Down 3.1%

Shares of KB Home stock opened at $48.49 on Friday. The stock has a 50 day moving average price of $47.32 and a two-hundred day moving average price of $53.29. The stock has a market capitalization of $2.95 billion, a P/E ratio of 12.77, a PEG ratio of 2.60 and a beta of 1.36. KB Home has a 12-month low of $40.92 and a 12-month high of $67.57.

KB Home (NYSE:KBH) last announced its earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.17. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company earned $1.61 EPS. The firm’s revenue for the quarter was down 20.0% compared to the same quarter last year. Sell-side analysts anticipate that KB Home will post 3.26 earnings per share for the current year.

KB Home Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, November 12th. KB Home’s dividend payout ratio (DPR) is presently 28.17%.

Institutional Trading of KB Home

A number of institutional investors and hedge funds have recently modified their holdings of KBH. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in KB Home in the 2nd quarter valued at $1,609,000. Great Lakes Advisors LLC acquired a new position in shares of KB Home in the 2nd quarter valued at $4,470,000. Bank of America Corp DE acquired a new position in shares of KB Home in the 2nd quarter valued at $35,377,000. Donald Smith & CO. Inc. acquired a new position in shares of KB Home in the 2nd quarter valued at $108,652,000. Finally, SummitTX Capital L.P. bought a new position in shares of KB Home during the 1st quarter worth about $1,771,000. 96.09% of the stock is currently owned by institutional investors.

KB Home Company Profile

KB Home is a U.S. homebuilding company that plans and builds residential communities, primarily offering single-family homes and townhomes. Its homes are designed for a range of buyers, and the company allows customers to personalize aspects of their homes through its built-to-order approach. Founded in 1957 as Kaufman & Broad, the company adopted the KB Home name in 2001. It serves homebuyers in markets across the United States, with operations in Western, Southwestern and Southeastern regions.