KB Home (NYSE:KBH) Upgraded by Seaport Res Ptn to Hold Rating

Seaport Res Ptn upgraded shares of KB Home (NYSE:KBH) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for KB Home’s Q1 2025 earnings at $1.48 EPS, Q2 2025 earnings at $2.09 EPS, Q3 2025 earnings at $2.24 EPS, Q4 2025 earnings at $2.56 EPS and FY2025 earnings at $8.36 EPS.

Several other research firms have also issued reports on KBH. Wedbush upped their price target on KB Home from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and dropped their price target for the company from $70.00 to $67.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. dropped their price target on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price target on KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, Bank of America dropped their target price on KB Home from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $75.88.

KB Home Stock Down 0.2 %

Shares of KBH opened at $68.40 on Tuesday. The business’s 50 day moving average is $73.32 and its two-hundred day moving average is $77.92. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 0.54 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.08. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $1.99 billion. KB Home had a return on equity of 15.69% and a net margin of 9.31%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 EPS. On average, equities analysts expect that KB Home will post 8.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On KB Home

Hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its stake in shares of KB Home by 6.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,689 shares of the construction company’s stock worth $469,000 after purchasing an additional 427 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of KB Home by 19.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 26,753 shares of the construction company’s stock worth $1,878,000 after purchasing an additional 4,357 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of KB Home by 4.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,128 shares of the construction company’s stock worth $781,000 after purchasing an additional 446 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of KB Home by 236.8% during the 2nd quarter. Hsbc Holdings PLC now owns 56,920 shares of the construction company’s stock worth $4,010,000 after purchasing an additional 40,018 shares in the last quarter. Finally, Seven Eight Capital LP raised its stake in shares of KB Home by 21.3% during the 2nd quarter. Seven Eight Capital LP now owns 13,761 shares of the construction company’s stock worth $966,000 after purchasing an additional 2,415 shares in the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

About KB Home

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.