Wedbush Boosts KB Home (NYSE:KBH) Price Target to $75.00

KB Home (NYSE:KBH) had its price target lifted by Wedbush from $67.00 to $75.00 in a report released on Wednesday, Benzinga reports. Wedbush currently has a neutral rating on the construction company’s stock. Wedbush also issued estimates for KB Home’s Q4 2024 earnings at $2.50 EPS, Q1 2025 earnings at $1.79 EPS, Q3 2025 earnings at $2.48 EPS, FY2025 earnings at $9.67 EPS and Q1 2026 earnings at $1.99 EPS.

A number of other equities analysts have also weighed in on KBH. Barclays boosted their price objective on shares of KB Home from $78.00 to $99.00 and gave the company an overweight rating in a research report on Wednesday. Keefe, Bruyette & Woods raised their price objective on KB Home from $74.00 to $77.00 and gave the company a market perform rating in a research report on Thursday, June 20th. Bank of America raised their price target on shares of KB Home from $75.00 to $90.00 and gave the company a neutral rating in a report on Thursday, September 19th. Wells Fargo & Company increased their price target on KB Home from $70.00 to $80.00 and gave the company an equal weight rating in a report on Monday, September 9th. Finally, The Goldman Sachs Group upped their price objective on KB Home from $72.00 to $82.00 and gave the company a neutral rating in a research note on Tuesday, September 3rd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $77.27.

KB Home Stock Up 2.0 %

Shares of NYSE:KBH opened at $85.94 on Wednesday. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.89 and a beta of 1.81. The firm’s 50-day simple moving average is $82.58 and its 200-day simple moving average is $73.62. KB Home has a fifty-two week low of $42.11 and a fifty-two week high of $89.70.

KB Home (NYSE:KBH) last announced its quarterly earnings data 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 9.43% and a return on equity of 15.66%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $1.80 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, research analysts forecast that KB Home will post 8.38 EPS for the current year.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 8th. KB Home’s payout ratio is 13.23%.

Institutional Trading of KB Home

Institutional investors have recently made changes to their positions in the stock. Fidelis Capital Partners LLC bought a new stake in shares of KB Home in the 1st quarter worth approximately $60,000. Plato Investment Management Ltd grew its position in KB Home by 72.0% in the first quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock worth $77,000 after acquiring an additional 452 shares in the last quarter. Tortoise Investment Management LLC grew its position in KB Home by 625.3% in the second quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock worth $78,000 after acquiring an additional 963 shares in the last quarter. Manchester Capital Management LLC grew its stake in KB Home by 134.4% in the 1st quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock valued at $81,000 after buying an additional 652 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in KB Home in the 1st quarter valued at $120,000. 96.09% of the stock is owned by institutional investors and hedge funds.

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.