Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised KB Home from a sell rating to a hold rating in a research report on Monday, September 5th. Argus reissued a hold rating on shares of KB Home in a research report on Monday, July 18th. RBC Capital Markets reissued a sector perform rating and set a $17.00 price target (up previously from $16.00) on shares of KB Home in a research report on Thursday, September 22nd. Buckingham Research downgraded KB Home from a buy rating to a neutral rating and set a $18.00 price target on the stock. in a research report on Monday, July 18th. Finally, TheStreet raised KB Home from a hold rating to a buy rating in a research report on Wednesday, June 22nd. Three investment 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. The stock presently has a consensus rating of Hold and an average target price of $15.43.
KB Home (NYSE:KBH) traded down 1.726% during midday trading on Tuesday, hitting $15.655. The stock had a trading volume of 1,002,620 shares. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 13.554 and a beta of 1.99. The company has a 50-day moving average of $15.65 and a 200-day moving average of $14.95. KB Home has a 1-year low of $9.04 and a 1-year high of $16.76.
KB Home (NYSE:KBH) last posted its earnings results on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. KB Home had a return on equity of 6.77% and a net margin of 3.31%. The company had revenue of $913.30 million for the quarter. During the same period in the previous year, the company posted $0.23 EPS. KB Home’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts forecast that KB Home will post $1.33 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Thursday, November 3rd will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, November 1st. KB Home’s payout ratio is 8.62%.
In other news, CEO Jeffrey T. Mezger sold 230,000 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $16.43, for a total value of $3,778,900.00. Following the completion of the transaction, the chief executive officer now directly owns 606,716 shares in the company, valued at approximately $9,968,343.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey T. Mezger sold 110,000 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.39, for a total value of $1,802,900.00. Following the completion of the transaction, the chief executive officer now owns 606,716 shares of the company’s stock, valued at $9,944,075.24. The disclosure for this sale can be found here. 8.60% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning boosted its position in shares of KB Home by 6.0% in the third quarter. Creative Planning now owns 9,409 shares of the company’s stock worth $152,000 after buying an additional 529 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of KB Home by 2.0% in the third quarter. Fisher Asset Management LLC now owns 3,781,669 shares of the company’s stock worth $60,961,000 after buying an additional 72,839 shares during the last quarter. Foundry Partners LLC boosted its position in shares of KB Home by 5.1% in the third quarter. Foundry Partners LLC now owns 521,323 shares of the company’s stock worth $8,404,000 after buying an additional 25,201 shares during the last quarter. Mason Street Advisors LLC purchased a new position in shares of KB Home during the second quarter worth approximately $580,000. Finally, Royal Bank of Canada boosted its position in shares of KB Home by 46.7% in the second quarter. Royal Bank of Canada now owns 151,340 shares of the company’s stock worth $2,302,000 after buying an additional 48,163 shares during the last quarter. Institutional investors own 91.89% of the company’s stock.
KB Home Company Profile
KB Home is a homebuilding company in the United States. The Company constructs and sells a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes, townhomes and condominiums. Its segments include the West Coast, Southwest, Central and Southeast homebuilding segments, and financial services segment.
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