KB Home (NYSE:KBH – Get Rating) has earned an average rating of "Moderate Buy" from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $42.23.
Several research analysts have recently issued reports on KBH shares. Barclays lowered their target price on shares of KB Home from $47.00 to $44.00 and set an "overweight" rating for the company in a report on Wednesday, June 8th. StockNews.com began coverage on shares of KB Home in a research note on Thursday, March 31st. They set a "hold" rating for the company. Evercore ISI increased their price target on shares of KB Home from $46.00 to $50.00 and gave the stock an "outperform" rating in a research note on Thursday, June 23rd. Royal Bank of Canada cut their price objective on shares of KB Home from $55.00 to $51.00 and set an "outperform" rating for the company in a research report on Thursday, March 24th. Finally, Wolfe Research downgraded shares of KB Home from a "market perform" rating to an "underperform" rating and set a $28.00 price objective for the company. in a research report on Friday, May 13th.
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Hedge Funds Weigh In On KB Home
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in KB Home by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 7,970,899 shares of the construction company's stock valued at $258,098,000 after acquiring an additional 108,191 shares in the last quarter. State Street Corp increased its holdings in KB Home by 5.4% during the 1st quarter. State Street Corp now owns 2,740,695 shares of the construction company's stock valued at $88,744,000 after acquiring an additional 139,643 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in KB Home by 125.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,077,861 shares of the construction company's stock valued at $67,281,000 after acquiring an additional 1,156,233 shares in the last quarter. Copeland Capital Management LLC increased its holdings in KB Home by 1.0% during the 1st quarter. Copeland Capital Management LLC now owns 1,313,629 shares of the construction company's stock valued at $42,535,000 after acquiring an additional 13,373 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in KB Home by 113.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,003,238 shares of the construction company's stock valued at $44,875,000 after acquiring an additional 533,400 shares in the last quarter. Hedge funds and other institutional investors own 89.78% of the company's stock.
KB Home Trading Up 3.5 %
Shares of KB Home stock opened at $31.37 on Friday. The company has a fifty day simple moving average of $30.89 and a 200-day simple moving average of $35.21. KB Home has a 12-month low of $24.78 and a 12-month high of $50.20. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 4.30, a PEG ratio of 0.47 and a beta of 1.62.
KB Home (NYSE:KBH – Get Rating) last issued its earnings results on Wednesday, June 22nd. The construction company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.35. KB Home had a net margin of 10.69% and a return on equity of 21.92%. During the same period in the previous year, the business posted $1.50 earnings per share. On average, analysts forecast that KB Home will post 10.28 earnings per share for the current fiscal year.
KB Home Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Thursday, August 4th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, August 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.91%. KB Home's dividend payout ratio is presently 8.22%.
About KB Home
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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.
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