Wedbush reissued their outperform rating on shares of KB Home (NYSE:KBH) in a research report sent to investors on Friday morning. They currently have a $22.00 price target on the construction company’s stock.

Several other equities analysts have also commented on the company. Barclays PLC restated an underweight rating and set a $16.00 price target (up previously from $15.00) on shares of KB Home in a research note on Tuesday, March 7th. JMP Securities reaffirmed an outperform rating and set a $20.00 price objective (up previously from $19.00) on shares of KB Home in a research report on Sunday, January 15th. Zacks Investment Research downgraded KB Home from a hold rating to a sell rating in a research report on Wednesday, March 15th. Evercore ISI downgraded KB Home from a hold rating to a sell rating and set a $14.00 price objective on the stock. in a research report on Thursday, January 12th. Finally, Buckingham Research downgraded KB Home from a buy rating to a neutral rating in a report on Tuesday, February 28th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. KB Home has an average rating of Hold and a consensus target price of $17.47.

KB Home (NYSE:KBH) traded down 1.79% during trading on Friday, reaching $20.33. 3,241,935 shares of the company were exchanged. KB Home has a one year low of $12.38 and a one year high of $20.91. The company has a market capitalization of $1.73 billion, a P/E ratio of 17.83 and a beta of 1.93. The firm’s 50-day moving average is $19.34 and its 200 day moving average is $16.86.

KB Home (NYSE:KBH) last released its earnings results on Thursday, March 23rd. The construction company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $818.60 million for the quarter, compared to analyst estimates of $797.78 million. KB Home had a return on equity of 6.35% and a net margin of 2.94%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. On average, analysts anticipate that KB Home will post $1.59 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 18th. Shareholders of record on Thursday, May 4th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Tuesday, May 2nd. KB Home’s dividend payout ratio (DPR) is currently 8.85%.

In other KB Home news, SVP Thomas F. Norton sold 45,000 shares of the business’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $19.81, for a total transaction of $891,450.00. Following the transaction, the senior vice president now owns 106,429 shares of the company’s stock, valued at $2,108,358.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KBH. Icon Advisers Inc. Co. raised its position in KB Home by 131.8% in the third quarter. Icon Advisers Inc. Co. now owns 35,000 shares of the construction company’s stock worth $564,000 after buying an additional 19,900 shares during the period. Bank of Hawaii acquired a new position in shares of KB Home during the third quarter valued at approximately $188,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of KB Home by 3.4% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 146,345 shares of the construction company’s stock valued at $2,359,000 after buying an additional 4,835 shares during the period. Balasa Dinverno & Foltz LLC raised its position in shares of KB Home by 11.9% in the third quarter. Balasa Dinverno & Foltz LLC now owns 34,499 shares of the construction company’s stock valued at $556,000 after buying an additional 3,682 shares during the period. Finally, Aperio Group LLC raised its position in shares of KB Home by 2.1% in the third quarter. Aperio Group LLC now owns 149,309 shares of the construction company’s stock valued at $2,407,000 after buying an additional 3,125 shares during the period. 95.74% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:KBH

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