KB Home (NYSE:KBH) Sets New 12-Month High at $36.91

Shares of KB Home (NYSE:KBH) reached a new 52-week high on Monday . The stock traded as high as $36.91 and last traded at $36.77, with a volume of 16152 shares traded. The stock had previously closed at $36.48.

Several research analysts have weighed in on the company. Evercore ISI raised KB Home from an “in-line” rating to an “outperform” rating and set a $26.74 price objective on the stock in a research report on Wednesday, July 17th. Bank of America boosted their price objective on KB Home from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Wells Fargo & Co boosted their price objective on KB Home from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. JMP Securities boosted their price objective on KB Home from $35.00 to $38.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 26th. Finally, Wedbush reissued a “neutral” rating and issued a $32.00 price objective (up previously from $25.00) on shares of KB Home in a research report on Thursday, September 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.69.

The company has a current ratio of 4.82, a quick ratio of 0.52 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $32.37 and a 200 day moving average price of $27.78. The stock has a market cap of $3.20 billion, a PE ratio of 12.88, a PEG ratio of 1.38 and a beta of 1.32.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Wednesday, September 25th. The construction company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. KB Home had a return on equity of 11.18% and a net margin of 5.58%. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. On average, equities analysts predict that KB Home will post 2.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 28th. Stockholders of record on Thursday, November 7th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.99%. KB Home’s dividend payout ratio is presently 12.77%.

In related news, EVP Brian J. Woram sold 94,900 shares of the business’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $32.06, for a total transaction of $3,042,494.00. Following the sale, the executive vice president now directly owns 156,870 shares in the company, valued at approximately $5,029,252.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Melissa Lora sold 3,291 shares of the business’s 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 disclosure for this sale can be found here. Insiders have sold a total of 199,191 shares of company stock worth $6,177,880 in the last ninety days. Insiders own 7.32% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Swiss National Bank raised its stake in shares of KB Home by 0.4% during the 2nd quarter. Swiss National Bank now owns 145,600 shares of the construction company’s stock valued at $3,746,000 after purchasing an additional 600 shares during the period. Balasa Dinverno & Foltz LLC raised its stake in shares of KB Home by 4.4% during the 2nd quarter. Balasa Dinverno & Foltz LLC now owns 17,623 shares of the construction company’s stock valued at $453,000 after purchasing an additional 739 shares during the period. Marshall Wace North America L.P. raised its stake in shares of KB Home by 44.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 189,547 shares of the construction company’s stock valued at $4,877,000 after purchasing an additional 58,536 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of KB Home by 245.3% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 127,339 shares of the construction company’s stock valued at $3,277,000 after purchasing an additional 90,459 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of KB Home during the 2nd quarter valued at $552,000. Institutional investors own 88.47% of the company’s stock.

KB Home Company Profile (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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