KB Home (NYSE:KBH) Trading 5.4% Higher – What’s Next?

KB Home (NYSE:KBH)’s stock price was up 5.4% during trading on Monday . The company traded as high as $69.97 and last traded at $70.43. Approximately 653,001 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 1,614,052 shares. The stock had previously closed at $66.85.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KBH. Keefe, Bruyette & Woods dropped their price objective on KB Home from $85.00 to $76.00 and set a “market perform” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on KB Home from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Tuesday. Raymond James restated an “outperform” rating and issued a $80.00 price objective (down from $93.00) on shares of KB Home in a research report on Tuesday, January 21st. Finally, Seaport Res Ptn raised KB Home from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $76.21.

KB Home Price Performance

The stock has a 50-day simple moving average of $71.27 and a 200-day simple moving average of $77.98. The stock has a market cap of $4.92 billion, a PE ratio of 7.93, a P/E/G ratio of 0.93 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.08. KB Home had a return on equity of 16.46% and a net margin of 9.45%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that KB Home will post 8.5 EPS for the current year.

KB Home Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, February 6th. KB Home’s payout ratio is 11.81%.

Institutional Trading of KB Home

Several institutional investors and hedge funds have recently bought and sold shares of the company. Castellan Group raised its stake in KB Home by 3.4% during the fourth quarter. Castellan Group now owns 78,155 shares of the construction company’s stock valued at $5,136,000 after buying an additional 2,570 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of KB Home by 31.4% during the fourth quarter. Van ECK Associates Corp now owns 57,954 shares of the construction company’s stock valued at $3,809,000 after purchasing an additional 13,837 shares during the last quarter. Pachira Investments Inc. bought a new position in shares of KB Home during the fourth quarter valued at approximately $212,000. Entropy Technologies LP bought a new position in shares of KB Home during the fourth quarter valued at approximately $618,000. Finally, Kingsview Wealth Management LLC grew its holdings in shares of KB Home by 103.4% during the fourth quarter. Kingsview Wealth Management LLC now owns 42,631 shares of the construction company’s stock valued at $2,802,000 after purchasing an additional 21,675 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.