KB Home (NYSE:KBH) Hits New 1-Year High at $76.11

KB Home (NYSE:KBH)’s share price reached a new 52-week high on Friday . The stock traded as high as $76.11 and last traded at $75.77, with a volume of 152160 shares changing hands. The stock had previously closed at $73.79.

Analysts Set New Price Targets

KBH has been the topic of several research analyst reports. Wedbush increased their price target on shares of KB Home from $64.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, June 20th. Evercore ISI increased their price target on shares of KB Home from $78.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. JPMorgan Chase & Co. increased their price target 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. Keefe, Bruyette & Woods increased their target price on shares of KB Home from $74.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, June 20th. Finally, Wells Fargo & Company increased their target price on shares of KB Home from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.63.

KB Home Price Performance

The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 0.68 and a beta of 1.80. The business’s 50-day simple moving average is $69.50 and its two-hundred day simple moving average is $65.93.

KB Home Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were given a $0.25 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. This is a positive change from KB Home’s previous quarterly dividend of $0.20. KB Home’s dividend payout ratio (DPR) is currently 13.23%.

Insider Buying and Selling at KB Home

In other KB Home news, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $70.48, for a total value of $275,858.72. Following the sale, the director now owns 48,217 shares in the company, valued at $3,398,334.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas W. Gilligan sold 3,914 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Albert Z. Praw sold 22,160 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $70.11, for a total transaction of $1,553,637.60. Following the transaction, the executive vice president now directly owns 135,512 shares of the company’s stock, valued at approximately $9,500,746.32. The disclosure for this sale can be found here. Company insiders own 4.44% of the company’s stock.

Hedge Funds Weigh In On KB Home

A number of hedge funds have recently bought and sold shares of KBH. Manchester Capital Management LLC raised its stake in KB Home by 433.0% during the fourth quarter. Manchester Capital Management LLC now owns 485 shares of the construction company’s stock worth $30,000 after buying an additional 394 shares during the last quarter. Byrne Asset Management LLC bought a new position in KB Home during the first quarter worth $41,000. GAMMA Investing LLC acquired a new stake in KB Home in the fourth quarter worth $47,000. Daiwa Securities Group Inc. acquired a new stake in KB Home in the fourth quarter worth $56,000. Finally, Fidelis Capital Partners LLC acquired a new stake in KB Home in the first quarter worth $60,000. Institutional investors own 96.09% of the company’s stock.

KB Home Company Profile

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.