On Wednesday, KB Home (NYSE: KBH) released its first quarter earnings report. According to information provided by Briefing.com, the construction company’s earnings per share were $2.86 for the quarter. This figure represents an increase of $0.19 from the average projection made by analysts. The company’s total revenue for the period was $1.84 billion, which was lower than the typical forecast of $1.90 billion. KB Home achieved a return on equity of 24.60% and the company’s net margin was 11.67%. Compared to the same period of the current quarter of the previous year, the increase in revenue was higher by 25.8 percentage points. The company earned $1.64 per share in the same period a year earlier.
Additionally, the company had just announced a quarterly dividend, which was paid on the 18th of that particular month. The dividend payment was equivalent to $0.15 per share and was distributed to all record-holding shareholders as of August 4. This equates to an annual dividend payout of $0.60 and a dividend yield of 2.26% for the stock each year. On August 3, a Wednesday, the dividend was discontinued and is no longer payable. KB Home pays 7.01% of its annual profits as dividends to shareholders. On Friday, a share of KBH was pegged at $26.60 at the start of trading. Over the past year and a half, the price of KB Home has varied from a low of $24.78 to a high of $50.20. The company has a P/E ratio of 3.11, a PEG ratio of 0.37 and a beta value of 1.64, and its market cap currently sits at $2.32 billion.
Additionally, the company’s PEG ratio is 0.37. The company’s stock price moving averages over the previous 50 days are $30.51; over the last 200 days, they amount to $31.93. Over the past few months, several institutional investors and hedge funds among a diverse group of investors have changed the way they hold their stakes in the company. Lazard Asset Management LLC made a new investment in KB Home, totaling approximately $40,000 in the first three months of the year. During the first three months of the year, Acadian Asset Management LLC increased the number of KB Home shares purchased by 35.5%. Following Acadian Asset Management LLC’s purchase of 568 new shares in the last quarter, the company now directly owns 2,169 shares of the construction company, driving the stock’s value up to $69,000. . Captrust Financial Advisors increased its holdings of KB Home shares by 27.4% during the second quarter of the financial year.
During the last fiscal quarter, Captrust Financial Advisors purchased an additional 1,251 shares of construction companies. As a result, the company now owns 5,825 shares, which are worth $166,000 (based on today’s closing price) after the company’s shares. Eqis Capital Management Inc. made a new investment in KB Home with a total value of USD 201,000 in the first three months of 2018. qPULA Trading Management LP made an additional investment of USD 200,000 in KB Home during the first three months of 2018 to buy a new position in the company. A total of 91.45% of the company’s shares are held by institutions, which are represented by their portfolios.
Recent articles in various publications feature commentary from research analysts offering their views on the organization. In a study released Thursday, Evercore ISI lowered both its “outperform” rating for KB Home and its price target for the company from $50 to $46, respectively. After the results of the study were made public on Friday, June 17, TheStreet downgraded its previous rating of KB Home from “b-” to “c+”. According to a research report on Thursday, Barclays lowered its “overweight” rating on KB Home shares and reduced its price target for those shares from $43.00 to $41.00. Wedbush said on Thursday it had lowered its price target for KB Home from $60.00 to $44.00. This information was included in a report that was made public on Thursday.
In a research note published Monday, July 11, Credit Suisse Group downgraded KB Home from “outperforming” to “neutral” in a research note. They also lowered their target price for the business from $42 to $35. The last and most important change has been made here. There is one analyst who recommends selling the stock, four who recommend keeping the stock in your portfolio, eleven who recommend buying the stock and one who recommends buying the stock massively. According to Bloomberg.com, the company currently has a “moderate buy” consensus rating. The average price target was set at $39.00.
KB Home is a construction company headquartered in the United States. West Coast, South West, Central Region and South East Region are the four regions that make up this country. The central region is in the middle. It focuses on building single-family homes, townhouses, condominiums, connected single-family homes, and detached single-family homes to primarily cater to first-time buyers, buyers trying to move up, active adult buyers, and buyers looking to move up. . .