KB Home (NYSE:KBH) Raised to Hold at Seaport Res Ptn

Seaport Res Ptn upgraded shares of KB Home (NYSE:KBH) from a strong sell rating to a hold rating in a research note released on Tuesday morning,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.

A number of other research analysts have also commented on KBH. Wells Fargo & Company lowered their price objective on KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a report on Monday. Bank of America lowered their target price on KB Home from $80.00 to $76.00 and set a “neutral” rating on the stock in a report on Tuesday. UBS Group lowered their target price on KB Home from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their target price on KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada raised KB Home from an “underperform” rating to a “sector perform” rating and lowered their target price for the company from $70.00 to $67.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $75.88.

KB Home Stock Performance

Shares of NYSE KBH opened at $68.40 on Tuesday. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 0.54 and a beta of 1.86. The business’s 50-day simple moving average is $73.32 and its 200-day simple moving average is $77.92. KB Home has a 52 week low of $58.05 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Monday, January 13th. The construction company reported $2.52 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.85 EPS. As a group, equities research analysts forecast that KB Home will post 8.42 earnings per share for the current year.

Institutional Investors Weigh In On KB Home

Institutional investors and hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in shares of KB Home during the third quarter worth $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home during the third quarter worth $43,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of KB Home during the third quarter worth $59,000. Banque Cantonale Vaudoise acquired a new stake in shares of KB Home during the third quarter worth $61,000. Finally, Versant Capital Management Inc grew its stake in shares of KB Home by 275.7% during the fourth quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after purchasing an additional 557 shares during the period. 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.