KB Home (NYSE:KBH) Given Average Recommendation of “Hold” by Analysts

KB Home (NYSE:KBH) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $79.17.

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on KB Home from $92.50 to $82.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. Wedbush raised their price target on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Barclays cut shares of KB Home from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $99.00 to $85.00 in a research report on Wednesday, December 11th. Bank of America raised their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company decreased their price target on shares of KB Home from $83.00 to $74.00 and set an “underweight” rating for the company in a research note on Tuesday, December 17th.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,737,156.20. This trade represents a 44.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.44% of the company’s stock.

Institutional Trading of KB Home

Several hedge funds have recently modified their holdings of KBH. Financial Management Professionals Inc. bought a new position in shares of KB Home during the 3rd quarter worth approximately $32,000. Riggs Asset Managment Co. Inc. purchased a new position in KB Home in the third quarter worth $43,000. Versant Capital Management Inc increased its position in shares of KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of KB Home during the 3rd quarter valued at $59,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of KB Home in the 3rd quarter worth $61,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

KB Home Stock Performance

Shares of NYSE KBH opened at $65.00 on Thursday. KB Home has a fifty-two week low of $58.05 and a fifty-two week high of $89.70. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 0.57 and a beta of 1.86. The business’s 50 day moving average price is $75.57 and its 200-day moving average price is $78.24.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.00 annualized dividend and a yield of 1.54%. KB Home’s dividend payout ratio (DPR) is presently 12.82%.

KB Home Company Profile

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.