Royal Bank Of Canada reaffirmed their hold rating on shares of KB Home (NYSE:KBH) in a report published on Wednesday. Royal Bank Of Canada currently has a $31.00 target price on the construction company’s stock.
A number of other analysts have also issued reports on KBH. BidaskClub lowered KB Home from a strong-buy rating to a buy rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods set a $24.00 price objective on KB Home and gave the company a hold rating in a research note on Saturday, August 19th. Zacks Investment Research lowered KB Home from a buy rating to a hold rating in a research note on Tuesday, September 5th. MKM Partners reaffirmed a neutral rating on shares of KB Home in a research note on Tuesday, September 5th. Finally, Wedbush reaffirmed an ourperform rating and issued a $26.00 price objective on shares of KB Home in a research note on Saturday, September 16th. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. KB Home presently has a consensus rating of Hold and a consensus target price of $22.44.
Shares of KB Home (NYSE:KBH) traded down $0.27 during trading hours on Wednesday, reaching $28.38. The company’s stock had a trading volume of 1,903,004 shares, compared to its average volume of 2,550,830. KB Home has a 12-month low of $15.03 and a 12-month high of $29.00. The firm has a market cap of $2,450.00, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 0.83 and a beta of 1.66.
KB Home (NYSE:KBH) last issued its quarterly earnings results on Thursday, September 28th. The construction company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. KB Home had a return on equity of 7.57% and a net margin of 3.22%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. research analysts predict that KB Home will post 1.77 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Thursday, November 2nd will be issued a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, November 1st. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. KB Home’s payout ratio is currently 7.19%.
In other KB Home news, EVP Brian J. Woram sold 49,529 shares of KB Home stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $27.11, for a total transaction of $1,342,731.19. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Albert Z. Praw sold 150,000 shares of KB Home stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $25.85, for a total value of $3,877,500.00. The disclosure for this sale can be found here. Company insiders own 8.60% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new stake in KB Home during the 3rd quarter worth approximately $1,041,000. California Public Employees Retirement System increased its holdings in KB Home by 12.1% during the 3rd quarter. California Public Employees Retirement System now owns 280,808 shares of the construction company’s stock worth $6,773,000 after purchasing an additional 30,408 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in KB Home during the 3rd quarter worth approximately $706,000. Cubist Systematic Strategies LLC increased its holdings in KB Home by 1,325.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 130,483 shares of the construction company’s stock worth $3,147,000 after purchasing an additional 121,328 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in KB Home during the 3rd quarter worth approximately $570,000. Institutional investors own 97.58% of the company’s stock.
KB Home Company Profile
KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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