KB Home (NYSE:KBH) – Investment analysts at Wedbush issued their Q1 2021 earnings per share estimates for KB Home in a note issued to investors on Thursday, October 17th. Wedbush analyst J. Mccanless anticipates that the construction company will post earnings per share of $0.47 for the quarter. Wedbush currently has a “Neutral” rating and a $32.00 target price on the stock. Wedbush also issued estimates for KB Home’s Q2 2021 earnings at $0.75 EPS and Q3 2021 earnings at $1.00 EPS.
Several other research analysts also recently commented on the company. Barclays lifted their price objective on KB Home from $34.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, September 26th. Evercore ISI upgraded KB Home from an “in-line” rating to an “outperform” rating and set a $26.74 price objective on the stock in a report on Wednesday, July 17th. Buckingham Research lifted their price objective on KB Home from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Royal Bank of Canada lifted their price objective on KB Home to $36.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Zacks Investment Research downgraded KB Home from a “strong-buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a report on Wednesday, August 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.69.
KB Home (NYSE:KBH) last released its quarterly earnings results on Wednesday, September 25th. The construction company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.07. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. KB Home had a return on equity of 11.18% and a net margin of 5.58%. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Swiss National Bank boosted its position in 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 acquiring an additional 600 shares in the last quarter. Balasa Dinverno & Foltz LLC boosted its position in 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 acquiring an additional 739 shares in the last quarter. Marshall Wace North America L.P. boosted its position in 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 acquiring an additional 58,536 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in 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 acquiring an additional 90,459 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in KB Home during the 2nd quarter valued at approximately $552,000. 88.50% of the stock is currently owned by institutional investors.
In related news, EVP Brian J. Woram sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $28.02, for a total value of $280,200.00. Following the sale, the executive vice president now directly owns 151,770 shares of the company’s stock, valued at $4,252,595.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian J. Woram sold 94,900 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $32.06, for a total value of $3,042,494.00. Following the completion of the sale, the executive vice president now directly owns 156,870 shares in the company, valued at $5,029,252.20. The disclosure for this sale can be found here. Insiders sold 199,191 shares of company stock worth $6,177,880 over the last three months. 7.32% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 28th. Investors of record on Thursday, November 7th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.36 annualized dividend and a dividend yield of 0.99%. KB Home’s payout ratio is presently 12.77%.
KB Home Company Profile
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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