Keefe, Bruyette & Woods Boosts KB Home (NYSE:KBH) Price Target to $77.00

KB Home (NYSE:KBHFree Report) had its target price raised by Keefe, Bruyette & Woods from $74.00 to $77.00 in a report issued on Thursday morning, Benzinga reports. The brokerage currently has a market perform rating on the construction company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Zelman & Associates restated an underperform rating and issued a $69.00 price objective on shares of KB Home in a research note on Monday, May 13th. Barclays raised their target price on shares of KB Home from $75.00 to $77.00 and gave the company an overweight rating in a research note on Friday, March 22nd. Wedbush lifted their price objective on shares of KB Home from $60.00 to $64.00 and gave the stock a neutral rating in a research note on Thursday, March 21st. Royal Bank of Canada lifted their price target on shares of KB Home from $63.00 to $69.00 and gave the company a sector perform rating in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of KB Home from $68.50 to $70.50 and gave the company a neutral rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $71.63.

View Our Latest Stock Report on KBH

KB Home Price Performance

Shares of KB Home stock opened at $70.54 on Thursday. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $74.65. The firm has a fifty day moving average price of $68.25 and a two-hundred day moving average price of $65.16. The company has a market cap of $5.36 billion, a PE ratio of 9.33, a price-to-earnings-growth ratio of 0.78 and a beta of 1.77.

KB Home Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Wednesday, May 8th. This is a boost from KB Home’s previous quarterly dividend of $0.20. KB Home’s payout ratio is presently 13.23%.

Insider Activity

In related news, CFO Jeff Kaminski sold 38,386 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $66.56, for a total transaction of $2,554,972.16. Following the completion of the sale, the chief financial officer now owns 34,473 shares of the company’s stock, valued at $2,294,522.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other KB Home news, Director Thomas W. Gilligan sold 3,914 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $70.48, for a total transaction of $275,858.72. Following the completion of the transaction, the director now owns 48,217 shares of the company’s stock, valued at $3,398,334.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jeff Kaminski sold 38,386 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $66.56, for a total value of $2,554,972.16. Following the transaction, the chief financial officer now directly owns 34,473 shares of the company’s stock, valued at approximately $2,294,522.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 64,460 shares of company stock valued at $4,384,468. 4.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale increased its stake in shares of KB Home by 18.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 12,854 shares of the construction company’s stock valued at $891,000 after buying an additional 2,032 shares during the period. Cetera Investment Advisers acquired a new position in shares of KB Home in the first quarter valued at approximately $1,588,000. Invst LLC acquired a new position in shares of KB Home in the first quarter valued at approximately $824,000. Swedbank AB acquired a new position in shares of KB Home in the first quarter valued at approximately $13,047,000. Finally, Virtu Financial LLC acquired a new stake in KB Home during the 1st quarter valued at approximately $1,078,000. Institutional investors and hedge funds own 96.09% of the company’s stock.

KB Home Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for KB Home (NYSE:KBH)

Receive News & Ratings for KB Home Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KB Home and related companies with MarketBeat.com's FREE daily email newsletter.