KB Home (NYSE:KBH) received a $13.00 price target from analysts at MKM Partners in a report released on Wednesday. The firm currently has a a “hold” rating on the stock. MKM Partners’ target price suggests a potential downside of 14.42% from the company’s previous close.
A number of other research firms have also weighed in on KBH. Zacks Investment Research upgraded shares of KB Home from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Monday, July 18th. Argus restated a “hold” rating on shares of KB Home in a report on Monday, July 18th. Buckingham Research lowered shares of KB Home from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research note on Monday, July 18th. TheStreet upgraded shares of KB Home from a “hold” rating to a “buy” rating in a research note on Wednesday, June 22nd. Finally, Credit Suisse Group AG reiterated a “sell” rating on shares of KB Home in a research note on Tuesday, June 28th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. KB Home has a consensus rating of “Hold” and an average price target of $14.86.
KB Home (NYSE:KBH) traded up 0.66% during mid-day trading on Wednesday, hitting $15.19. The company had a trading volume of 1,294,272 shares. KB Home has a 12-month low of $9.04 and a 12-month high of $16.76. The firm has a market capitalization of $1.28 billion, a PE ratio of 15.55 and a beta of 1.96. The company’s 50 day moving average price is $15.59 and its 200-day moving average price is $14.54.
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KB Home (NYSE:KBH) last posted its earnings results on Tuesday, June 21st. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. KB Home had a net margin of 2.89% and a return on equity of 5.83%. The company had revenue of $811.10 million for the quarter. During the same quarter in the prior year, the company earned $0.10 EPS. The company’s revenue was up 30.2% on a year-over-year basis. On average, analysts forecast that KB Home will post $1.34 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 18th. Shareholders of record on Thursday, August 4th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend was Tuesday, August 2nd. KB Home’s payout ratio is 10.31%.
In other KB Home news, CEO Jeffrey T. Mezger sold 230,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at approximately $9,968,343.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey T. Mezger sold 110,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were 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 in the company, valued at approximately $9,944,075.24. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Amalgamated Bank bought a new stake in KB Home during the second quarter valued at $161,000. Teacher Retirement System of Texas boosted its stake in KB Home by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 10,689 shares of the company’s stock valued at $163,000 after buying an additional 538 shares during the period. Capstone Investment Advisors LLC bought a new stake in KB Home during the second quarter valued at $166,000. Wedbush Securities Inc. bought a new stake in KB Home during the second quarter valued at $189,000. Finally, Seven Eight Capital LLC bought a new stake in KB Home during the first quarter valued at $219,000. Hedge funds and other institutional investors own 92.39% 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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