FY2025 EPS Estimates for KB Home Cut by Seaport Res Ptn

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

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group increased their price target on KB Home from $72.00 to $82.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Wedbush increased their price target on KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Bank of America increased their price target on KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Royal Bank of Canada downgraded KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target for the company. in a research note on Thursday, September 5th. Finally, Wells Fargo & Company lowered KB Home from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $80.00 to $83.00 in a report on Monday, October 7th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $77.50.

KB Home Stock Performance

KBH stock opened at $82.02 on Tuesday. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 0.66 and a beta of 1.81. KB Home has a fifty-two week low of $50.08 and a fifty-two week high of $89.70. The stock has a fifty day moving average of $82.28 and a 200-day moving average of $76.42.

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

KB Home Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Thursday, November 14th. KB Home’s payout ratio is 12.82%.

Insider Transactions at KB Home

In other news, CFO Jeff Kaminski sold 27,500 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $79.40, for a total transaction of $2,183,500.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company’s stock, valued at approximately $2,737,156.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.52% of the stock is owned by insiders.

Institutional Trading of KB Home

A number of hedge funds have recently bought and sold shares of KBH. Allspring Global Investments Holdings LLC lifted its position in KB Home by 9.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,097 shares of the construction company’s stock worth $645,000 after buying an additional 804 shares during the last quarter. Van ECK Associates Corp lifted its position in KB Home by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 27,585 shares of the construction company’s stock worth $1,955,000 after buying an additional 7,378 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in KB Home by 17.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,222 shares of the construction company’s stock worth $2,851,000 after buying an additional 6,063 shares during the last quarter. BNP Paribas Financial Markets lifted its position in KB Home by 53.5% in the 1st quarter. BNP Paribas Financial Markets now owns 133,404 shares of the construction company’s stock worth $9,456,000 after buying an additional 46,505 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in KB Home by 57.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,780 shares of the construction company’s stock worth $1,615,000 after buying an additional 8,267 shares during the last quarter. 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.