KBH has been the subject of a number of other research reports. Barclays PLC assumed coverage on shares of KB Home in a report on Thursday, January 5th. They issued an underweight rating and a $15.00 target price for the company. Raymond James Financial, Inc. reiterated an underperform rating on shares of KB Home in a report on Tuesday, January 24th. Wedbush reiterated an outperform rating and issued a $22.00 price objective on shares of KB Home in a report on Tuesday, October 18th. Zacks Investment Research upgraded shares of KB Home from a hold rating to a buy rating and set a $18.00 price objective for the company in a report on Tuesday, December 20th. Finally, Evercore ISI assumed coverage on shares of KB Home in a report on Monday, November 14th. They issued a hold rating for the company. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. KB Home presently has a consensus rating of Hold and an average price target of $15.76.
KB Home (NYSE:KBH) opened at 16.55 on Tuesday. The firm has a market cap of $1.41 billion, a PE ratio of 14.78 and a beta of 1.93. The company’s 50-day moving average is $16.42 and its 200-day moving average is $15.80. KB Home has a one year low of $10.24 and a one year high of $17.38.
KB Home (NYSE:KBH) last posted its earnings results on Wednesday, January 11th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm earned $1.19 billion during the quarter. KB Home had a net margin of 2.94% and a return on equity of 6.35%. The firm’s revenue was up 20.9% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. On average, analysts forecast that KB Home will post $1.52 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Shareholders of record on Thursday, February 9th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, February 7th. KB Home’s dividend payout ratio (DPR) is presently 8.85%.
A number of institutional investors have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in KB Home by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,316 shares of the company’s stock worth $195,000 after buying an additional 80 shares during the last quarter. Wedbush Securities Inc. increased its position in KB Home by 2.4% in the third quarter. Wedbush Securities Inc. now owns 12,716 shares of the company’s stock worth $205,000 after buying an additional 300 shares during the last quarter. Creative Planning increased its position in 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. Teacher Retirement System of Texas increased its position 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 worth $163,000 after buying an additional 538 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in KB Home by 1.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 37,540 shares of the company’s stock worth $605,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 95.74% of the company’s stock.
About KB Home
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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