KB Home (NYSE:KBH) Reaches New 52-Week High at $27.72

Shares of KB Home (NYSE:KBH) reached a new 52-week high during trading on Monday . The stock traded as high as $27.72 and last traded at $27.62, with a volume of 52943 shares. The stock had previously closed at $26.85.

Several research analysts have commented on KBH shares. Evercore ISI raised shares of KB Home from an “in-line” rating to an “outperform” rating and set a $26.74 price target on the stock in a research note on Wednesday, July 17th. Barclays raised shares of KB Home from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $24.00 to $29.00 in a research note on Monday, May 13th. Zacks Investment Research raised shares of KB Home from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Monday, July 8th. Bank of America reaffirmed a “neutral” rating and issued a $28.00 target price (up from $26.00) on shares of KB Home in a research note on Thursday, June 27th. Finally, Buckingham Research raised shares of KB Home from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $27.00 to $30.00 in a research note on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. KB Home presently has a consensus rating of “Hold” and an average target price of $26.82.

The company has a market capitalization of $2.38 billion, a PE ratio of 9.73, a P/E/G ratio of 1.13 and a beta of 1.39. The firm’s 50 day moving average is $26.44 and its 200 day moving average is $25.11.



KB Home (NYSE:KBH) last released its quarterly earnings results on Wednesday, June 26th. The construction company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.12. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $933.49 million. KB Home had a net margin of 5.94% and a return on equity of 12.43%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 earnings per share. As a group, analysts predict that KB Home will post 2.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.09 dividend. The ex-dividend date was Wednesday, July 31st. This represents a $0.36 annualized dividend and a yield of 1.31%. This is a boost from KB Home’s previous quarterly dividend of $0.03. KB Home’s payout ratio is 12.77%.

In related news, Director Melissa Lora sold 3,291 shares of KB Home stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $26.86, for a total value of $88,396.26. Following the sale, the director now owns 169,994 shares in the company, valued at $4,566,038.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 7.32% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in KB Home in the 4th quarter valued at about $25,280,000. BNP Paribas Arbitrage SA grew its holdings in KB Home by 490.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 100,258 shares of the construction company’s stock worth $2,423,000 after acquiring an additional 83,269 shares during the last quarter. Braun Stacey Associates Inc. bought a new stake in KB Home during the 1st quarter worth approximately $6,771,000. James Investment Research Inc. boosted its stake in shares of KB Home by 335.8% in the 1st quarter. James Investment Research Inc. now owns 37,353 shares of the construction company’s stock valued at $903,000 after purchasing an additional 28,782 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of KB Home by 2,436.3% in the 1st quarter. Quadrant Capital Group LLC now owns 2,029 shares of the construction company’s stock valued at $47,000 after purchasing an additional 1,949 shares during the last quarter. Institutional investors and hedge funds own 85.16% of the company’s stock.

About KB Home (NYSE:KBH)

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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