KB Home (NYSE:KBH) has been assigned a $13.00 target price by investment analysts at MKM Partners in a research report issued to clients and investors on Tuesday. The brokerage currently has a a “hold” rating on the stock. MKM Partners’ target price would suggest a potential downside of 17.83% from the company’s previous close.
KBH has been the subject of a number of other research reports. Credit Suisse Group AG reaffirmed a “sell” rating on shares of KB Home in a report on Tuesday, June 28th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $15.00 price target (up previously from $14.00) on shares of KB Home in a report on Sunday, June 26th. TheStreet raised shares of KB Home from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. Royal Bank Of Canada upped their price target on shares of KB Home from $16.00 to $17.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 21st. Finally, FBR & Co upped their price target on shares of KB Home from $15.00 to $16.00 and gave the stock a “market perform” rating in a report on Wednesday, June 22nd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $15.40.
Shares of KB Home (NYSE:KBH) opened at 15.82 on Tuesday. The firm’s 50-day moving average is $15.65 and its 200-day moving average is $14.89. KB Home has a 12-month low of $9.04 and a 12-month high of $16.76. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 13.70 and a beta of 1.99.
KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, September 20th. The company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. KB Home had a net margin of 3.31% and a return on equity of 6.77%. The company earned $913.30 million during the quarter. During the same period last year, the company posted $0.23 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Analysts predict that KB Home will post $1.33 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Shareholders of record on Thursday, November 3rd will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Tuesday, November 1st. KB Home’s payout ratio is 8.62%.
In other KB Home news, insider Jeffrey T. Mezger sold 500,000 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $16.47, for a total value of $8,235,000.00. Following the transaction, the insider now directly owns 606,716 shares of the company’s stock, valued at $9,992,612.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey T. Mezger sold 230,000 shares of the firm’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the completion of the transaction, the chief executive officer now directly owns 606,716 shares in the company, valued at $9,968,343.88. The disclosure for this sale can be found here. 8.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised 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 period. Fisher Asset Management LLC raised its position in KB Home by 2.0% in the third quarter. Fisher Asset Management LLC now owns 3,781,669 shares of the company’s stock worth $60,961,000 after buying an additional 72,839 shares during the period. Foundry Partners LLC raised its position in KB Home by 5.1% in the third quarter. Foundry Partners LLC now owns 521,323 shares of the company’s stock worth $8,404,000 after buying an additional 25,201 shares during the period. Mason Street Advisors LLC acquired a new position in KB Home during the second quarter worth $580,000. Finally, Royal Bank of Canada raised its position in KB Home by 46.7% in the second quarter. Royal Bank of Canada now owns 151,340 shares of the company’s stock worth $2,302,000 after buying an additional 48,163 shares during the last quarter. 92.39% of the stock is currently owned by hedge funds and other institutional investors.
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