A number of other research firms have also issued reports on KBH. Wells Fargo & Co. began coverage on KB Home in a research note on Wednesday, September 28th. They issued a market perform rating for the company. Zacks Investment Research upgraded KB Home from a hold rating to a buy rating and set a $18.00 target price for the company in a research note on Monday, July 18th. Argus reiterated a hold rating on shares of KB Home in a research note on Monday, July 18th. Buckingham Research lowered KB Home from a buy rating to a neutral rating and set a $18.00 target price for the company. in a research note on Monday, July 18th. Finally, FBR & Co reiterated a market perform rating and issued a $16.00 target price on shares of KB Home in a research note on Thursday, September 22nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. KB Home currently has an average rating of Hold and an average price target of $15.43.
Shares of KB Home (NYSE:KBH) opened at 15.62 on Tuesday. The firm has a 50-day moving average price of $15.64 and a 200-day moving average price of $14.89. The stock has a market cap of $1.32 billion, a PE ratio of 13.52 and a beta of 1.99. KB Home has a 52 week low of $9.04 and a 52 week high of $16.76.
KB Home (NYSE:KBH) last released its quarterly earnings data on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $0.23 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts forecast that KB Home will post $1.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Investors of record on Thursday, November 3rd will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Tuesday, November 1st. KB Home’s dividend payout ratio (DPR) is 8.62%.
In other KB Home news, CEO Jeffrey T. Mezger sold 110,000 shares of KB Home stock in a transaction on Monday, July 25th. The stock was sold at an average price of $16.39, for a total transaction of $1,802,900.00. Following the sale, the chief executive officer now owns 606,716 shares of the company’s stock, valued at approximately $9,944,075.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey T. Mezger sold 230,000 shares of KB Home stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total value of $3,778,900.00. Following the sale, the chief executive officer now directly owns 606,716 shares in the company, valued at approximately $9,968,343.88. The disclosure for this sale can be found here. 8.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in KBH. Creative Planning increased its stake in shares of KB Home by 6.0% in the third quarter. Creative Planning now owns 9,409 shares of the company’s stock valued at $152,000 after buying an additional 529 shares during the last quarter. Fisher Asset Management LLC increased its stake 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 valued at $60,961,000 after buying an additional 72,839 shares during the last quarter. Foundry Partners LLC increased its stake 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 valued at $8,404,000 after buying an additional 25,201 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in shares of KB Home during the second quarter valued at $580,000. Finally, Royal Bank of Canada increased its stake 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 valued at $2,302,000 after buying an additional 48,163 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.
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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