KB Home (NYSE:KBH)‘s stock had its “outperform” rating reissued by equities research analysts at Wedbush in a report issued on Tuesday. They currently have a $22.00 price objective on the stock. Wedbush’s price objective suggests a potential upside of 38.02% from the company’s current price.
Several other research firms have also recently commented on KBH. Wells Fargo & Co. began coverage on KB Home in a report on Wednesday, September 28th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded KB Home from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Monday, July 18th. Argus reiterated a “hold” rating on shares of KB Home in a report on Monday, July 18th. Buckingham Research cut KB Home from a “buy” rating to a “neutral” rating and set a $18.00 target price for the company. in a report on Monday, July 18th. Finally, MKM Partners set a $13.00 target price on KB Home and gave the stock a “hold” rating in a report on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.43.
Shares of KB Home (NYSE:KBH) traded up 0.75% during mid-day trading on Tuesday, reaching $16.06. 764,593 shares of the company traded hands. The company has a market capitalization of $1.36 billion, a P/E ratio of 13.90 and a beta of 1.99. The firm’s 50 day moving average price is $15.64 and its 200-day moving average price is $14.94. KB Home has a 52-week low of $9.04 and a 52-week high of $16.76.
KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 20th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The company earned $913.30 million during the quarter. KB Home had a return on equity of 6.77% and a net margin of 3.31%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. Equities analysts predict that KB Home will post $1.33 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Investors of record on Thursday, November 3rd will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Tuesday, November 1st. KB Home’s dividend payout ratio is currently 8.62%.
In related news, CEO Jeffrey T. Mezger sold 230,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $16.43, for a total transaction of $3,778,900.00. Following the sale, the chief executive officer now directly owns 606,716 shares of the company’s stock, valued at approximately $9,968,343.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey T. Mezger sold 110,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $16.39, for a total value of $1,802,900.00. Following the sale, the chief executive officer now directly owns 606,716 shares in the company, valued at $9,944,075.24. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company’s stock.
Several large investors have recently bought and sold shares of KBH. Creative Planning raised its stake in KB Home by 6.0% in the third quarter. Creative Planning now owns 9,409 shares of the company’s stock valued at $152,000 after buying an additional 529 shares in the last quarter. Amalgamated Bank bought a new position in shares of KB Home during the second quarter worth approximately $161,000. Teacher Retirement System of Texas increased its position in shares of KB Home by 5.3% in the second quarter. Teacher Retirement System of Texas now owns 10,689 shares of the company’s stock worth $163,000 after buying an additional 538 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of KB Home during the second quarter worth approximately $166,000. Finally, Wedbush Securities Inc. bought a new position in shares of KB Home during the second quarter worth approximately $189,000. 91.89% of the stock is currently owned by institutional investors and hedge funds.
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