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Brokerages have assigned a consensus rating of “Moderate Buy” to KB Home (NYSE:KBH).

Brokerages have assigned a consensus rating of “Moderate Buy” to KB Home (NYSE:KBH).

The sixteen brokerages that provide KB Home coverage (NYSE: KBH) have collectively assigned a rating of “Hold” to the company’s stock, as reported by Bloomberg Ratings. This rating was given to the company’s stock. Eight research analysts have recommended purchasing the company, five research analysts have recommended holding onto it, and one research analyst has recommended selling it. Most brokerage firms that have updated their stock coverage within the past year have set their price target for the stock at $39.09 per share for the next twelve months.
Various research companies have recently expressed interest in collaborating with KBH on their projects. JPMorgan Chase & Co. increased their price objective on KB Home from $32 to $36 and categorized the stock as “overweight” in a research note published on Tuesday, November 22. Goldman Sachs Group upgraded KB Home from a “buy” rating to a “strong-buy” rating in a research report published on Wednesday, December 21. Additionally, Goldman Sachs Group raised their price objective on the stock from $34.00 to $38.00. Both of these changes were made public. KeyCorp changed its previous rating of “underweight” for KB Home shares to a rating of “sector weight” in a research study published on September 19. Wedbush decreased its price target on KB Home shares from $60.00 to $44.00 in a research note published on Thursday, September 22. Raymond James downgraded its rating on shares of KB Home from “strong buy” to “market perform” in a research report published on October 21. The report was made available to the public.
KBH stock was traded for the first time on Friday for $34.55 per share. Trading began. The straightforward moving average of the company’s stock price over the past 50 days is $30.97, and the straightforward moving average over the past 200 days is $29.97. The stock has a price-to-earnings ratio of 4.04, a price-to-earnings-growth ratio of 0.76, and a beta value of 1.53. All of these metrics indicate that the stock is relatively expensive. The stock’s market capitalization represents a total of $2.96 billion. During the previous twelve months, the price of KB Home ranged from a low of $24.78 to a high of $50.20.
In addition, the business recently announced and paid a quarterly dividend, which was paid out on November 23, after the dividend was declared and distributed. On November 10, dividend payments to shareholders were made to $0.15 per share. These payments were made to shareholders whose information was recorded in the company’s books. Before November 9, it was considered that this dividend had already been distributed. This equates to an annual dividend payment of $0.60 and a dividend yield of 1.74% when calculated annually. The percentage of dividends distributed by KB Home comes in at 7.01 percent.
Albert Z. Praw, Executive Vice President of KB Home, sold 29,777 shares on Thursday, October 27. You may discover relevant news at this location. On a per-share basis, the total amount spent on the shares, which came to $856,684.29, was equivalent to a price of $28.77. The current value of the company’s executive vice president’s stock holdings is $4,124,553.51, and this individual currently possesses 143,363 shares. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. Insiders collectively hold personal accounts worth 3.90 percent of the company’s total stock.
Several institutional investors and hedge funds have recently altered the quantity of KBH stock they are currently holding by either increasing or decreasing the amount they are holding. During the first three months of the year, Citigroup Inc. increased the amount of KB Home stock owned by 20.9%. Citigroup Inc. now has 109,019 in the construction business after purchasing an additional 18,818 shares during the most recent quarter bringing its total number to 109,019. The price at which these shares are currently trading on the market is $3,530,000. During the first quarter, Acadian Asset Management LLC purchased 35.5% of KB Home, bringing the company’s total ownership percentage to 100%. After making additional purchases during the relevant period, Acadian Asset Management LLC is now the owner of 2,169 shares in the construction company, which have a combined value of $69,000. These shares were acquired during the period in question. Over the first three months of this year, MetLife Investment Management LLC increased its ownership stake in KB Home by 39.7%. After making additional purchases totaling 27,327 shares throughout the period in question, MetLife Investment Management LLC now has 96,105 shares of the construction company’s stock. These shares have a combined value of $3,112,000. During the first three months of 2018, the Commonwealth of Pennsylvania Public School Employees Retirement System acquired an additional 10.5% of KB Home stock, bringing the total percentage of its shares to 67.5%. After making an additional purchase of 2,995 shares during the most recent period, Commonwealth of Pennsylvania Public School Empls Retreat SYS now possesses 31,411 shares of the construction company’s stock, which are currently valued at $1,017,000. This is because the organization possessed 31,411 shares before making the most recent purchase. Not to mention, the Great West Life Assurance Company of Canada increased the amount of KB Home stock owned by 7.1% during the first quarter of 2018. After purchasing an additional 3,140 shares during the most recent fiscal quarter, Great West Life Assurance Co. now owns 47,231 shares in the construction company worth $1,571,000.These shares were acquired for a total of $1,571,000. Institutional investors and hedge funds collectively own 89.29% of the total number of shares in the company, making up the majority of the shareholders.

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