KB Home (KBH) – Investment Analysts’ Recent Ratings Updates

KB Home (NYSE: KBH) has recently received a number of price target changes and ratings updates:

• 9/25/2024 – KB Home had its price target raised by analysts at Barclays PLC from $78.00 to $99.00. They now have an “overweight” rating on the stock.
• 9/25/2024 – KB Home had its price target raised by analysts at Wedbush from $67.00 to $75.00. They now have a “neutral” rating on the stock.
• 9/19/2024 – KB Home had its price target raised by analysts at Bank of America Co. from $75.00 to $90.00. They now have a “neutral” rating on the stock.
• 9/12/2024 – KB Home had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $67.00 price target on the stock.
• 9/9/2024 – KB Home had its price target raised by analysts at Wells Fargo & Company from $70.00 to $80.00. They now have an “equal weight” rating on the stock.
• 9/5/2024 – KB Home was downgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating. They now have a $70.00 price target on the stock.
• 9/3/2024 – KB Home had its price target raised by analysts at The Goldman Sachs Group, Inc. from $72.00 to $82.00. They now have a “neutral” rating on the stock.

KB Home Trading Up 2.0 %

Shares of KB Home stock opened at $85.94 on Monday. The business’s fifty day simple moving average is $82.58 and its 200 day simple moving average is $73.65. The firm has a market capitalization of $6.46 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81. KB Home has a 12 month low of $42.11 and a 12 month high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). KB Home had a return on equity of 15.66% and a net margin of 9.43%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter last year, the business posted $1.80 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. Analysts predict that KB Home will post 8.38 EPS for the current fiscal year.

KB Home Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 8th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s dividend payout ratio (DPR) is presently 13.23%.

Hedge Funds Weigh In On KB Home

Hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans lifted its stake in KB Home by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after purchasing an additional 162 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its stake in KB Home by 3.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock worth $353,000 after purchasing an additional 189 shares during the last quarter. US Bancorp DE lifted its stake in KB Home by 1.6% during the first quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock worth $873,000 after purchasing an additional 191 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in KB Home by 2.1% during the first quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock worth $782,000 after purchasing an additional 231 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in KB Home by 10.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock worth $201,000 after purchasing an additional 293 shares during the last quarter. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

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.