FY2025 EPS Estimates for KB Home Cut by Seaport Res Ptn

KB Home (NYSE:KBH) – Equities research analysts at Seaport Res Ptn reduced their FY2025 earnings per share estimates for KB Home in a report issued on Sunday, November 3rd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $8.41 per share for the year, down from their prior estimate of $8.78. The consensus estimate for KB Home’s current full-year earnings is $8.44 per share.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing the consensus estimate of $2.06 by ($0.02). KB Home had a net margin of 9.31% and a return on equity of 15.69%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.80 EPS.

Other equities research analysts have also recently issued research reports about the company. Barclays upped their price target on KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Bank of America raised their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Evercore ISI boosted their price target on shares of KB Home from $86.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Royal Bank of Canada cut shares of KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a report on Thursday, September 5th. Finally, The Goldman Sachs Group lifted their price objective on KB Home from $72.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $77.50.

KB Home Trading Down 2.6 %

Shares of KBH stock opened at $79.90 on Tuesday. The business’s 50 day moving average is $82.22 and its two-hundred day moving average is $76.45. KB Home has a twelve month low of $50.08 and a twelve month high of $89.70. The company has a market capitalization of $5.86 billion, a P/E ratio of 10.24, a price-to-earnings-growth ratio of 0.68 and a beta of 1.81.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KBH. Financial Management Professionals Inc. purchased a new position in KB Home during the third quarter worth $32,000. Riggs Asset Managment Co. Inc. purchased a new stake in KB Home during the 3rd quarter worth about $43,000. Fidelis Capital Partners LLC acquired a new position in KB Home in the 1st quarter valued at about $60,000. Plato Investment Management Ltd lifted its holdings in KB Home by 72.0% in the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after purchasing an additional 452 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of KB Home by 625.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after purchasing an additional 963 shares during the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KB Home

In related news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the sale, the chief financial officer now directly owns 34,473 shares in the company, valued at $2,737,156.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.52% of the company’s stock.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home’s dividend payout ratio (DPR) is 12.82%.

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.