KB Home (NYSE:KBH) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of KB Home (NYSE:KBH – Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday.

KBH has been the topic of several other reports. Bank of America reduced their target price on KB Home from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. Royal Bank Of Canada cut their price objective on shares of KB Home from $67.00 to $63.00 and set a “sector perform” rating on the stock in a report on Tuesday, March 25th. UBS Group cut their price target on shares of KB Home from $86.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, June 24th. Evercore ISI decreased their price target on shares of KB Home from $77.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, June 24th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $52.00 price objective (down from $53.00) on shares of KB Home in a report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $66.14.

Get Our Latest Stock Report on KBH

KB Home Trading Down 0.5%

NYSE KBH opened at $55.35 on Friday. KB Home has a 52 week low of $48.90 and a 52 week high of $89.70. The company has a 50 day moving average price of $53.18 and a 200 day moving average price of $58.19. The company has a quick ratio of 0.60, a current ratio of 5.83 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.97 billion, a PE ratio of 7.33, a price-to-earnings-growth ratio of 4.47 and a beta of 1.34.

KB Home (NYSE:KBH – Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.05. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.15 earnings per share. As a group, sell-side analysts forecast that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Thursday, August 7th. KB Home’s payout ratio is 13.25%.

Insider Buying and Selling at KB Home

In other news, Director Arthur Reginald Collins sold 5,000 shares of the company’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $54.38, for a total value of $271,900.00. Following the sale, the director owned 10,262 shares in the company, valued at $558,047.56. This represents a 32.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.89% of the company’s stock.

Institutional Investors Weigh In On KB Home

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Xponance Inc. increased its stake in KB Home by 1.7% in the 4th quarter. Xponance Inc. now owns 9,815 shares of the construction company’s stock valued at $645,000 after purchasing an additional 163 shares in the last quarter. Amundi boosted its position in KB Home by 29.6% during the fourth quarter. Amundi now owns 880 shares of the construction company’s stock worth $58,000 after purchasing an additional 201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in KB Home by 0.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 206 shares in the last quarter. CWM LLC grew its stake in KB Home by 11.8% in the 1st quarter. CWM LLC now owns 2,007 shares of the construction company’s stock valued at $117,000 after acquiring an additional 212 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in KB Home by 65.6% during the 4th quarter. Jones Financial Companies Lllp now owns 540 shares of the construction company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

About KB Home

(Get Free Report)

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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