KB Home (KBH) Given Average Recommendation of “Hold” by Brokerages

KB Home (NYSE:KBH) has been assigned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.24.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded KB Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 14th. Raymond James downgraded KB Home from an “outperform” rating to a “market perform” rating and set a $23.67 target price for the company. in a research report on Monday, February 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 target price on shares of KB Home in a research report on Friday, November 16th. ValuEngine raised KB Home from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 18th. Finally, Barclays set a $20.00 price objective on KB Home and gave the stock a “hold” rating in a research report on Wednesday, December 12th.

NYSE KBH traded down $0.10 during trading on Friday, hitting $23.55. The stock had a trading volume of 926,262 shares, compared to its average volume of 1,721,614. The company has a market cap of $2.06 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.09 and a beta of 1.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 4.81 and a quick ratio of 0.94. KB Home has a twelve month low of $16.82 and a twelve month high of $31.83.



KB Home (NYSE:KBH) last released its earnings results on Wednesday, January 9th. The construction company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. KB Home had a return on equity of 14.31% and a net margin of 3.75%. KB Home’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.84 EPS. On average, analysts anticipate that KB Home will post 2.67 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 21st. Stockholders of record on Thursday, February 7th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Wednesday, February 6th. KB Home’s dividend payout ratio is presently 35.46%.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in KB Home by 0.8% during the third quarter. BlackRock Inc. now owns 10,413,684 shares of the construction company’s stock worth $248,990,000 after purchasing an additional 79,827 shares during the last quarter. Vanguard Group Inc. lifted its stake in KB Home by 2.5% during the third quarter. Vanguard Group Inc. now owns 8,050,306 shares of the construction company’s stock worth $192,483,000 after purchasing an additional 198,509 shares during the last quarter. Vanguard Group Inc lifted its stake in KB Home by 2.5% during the third quarter. Vanguard Group Inc now owns 8,050,306 shares of the construction company’s stock worth $192,483,000 after purchasing an additional 198,509 shares during the last quarter. Fisher Asset Management LLC lifted its stake in KB Home by 0.6% during the fourth quarter. Fisher Asset Management LLC now owns 3,321,909 shares of the construction company’s stock worth $63,448,000 after purchasing an additional 18,369 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in KB Home by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,872,163 shares of the construction company’s stock worth $54,860,000 after purchasing an additional 24,377 shares during the last quarter. Hedge funds and other institutional investors own 86.33% of the company’s stock.

KB Home Company Profile

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

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Analyst Recommendations for KB Home (NYSE:KBH)

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