FY2025 EPS Estimates for KB Home Lowered by Seaport Res Ptn

KB Home (NYSE:KBH) – Seaport Res Ptn dropped their FY2025 earnings estimates for KB Home in a research note issued to investors on Sunday, November 3rd. Seaport Res Ptn analyst K. Zener now anticipates that the construction company will post earnings of $8.41 per share for the year, down from their prior estimate of $8.78. The consensus estimate for KB Home’s current full-year earnings is $8.44 per share.

KBH has been the topic of a number of other reports. Royal Bank of Canada lowered KB Home from a “sector perform” rating to an “underperform” rating and set a $70.00 price target on the stock. in a research note on Thursday, September 5th. Barclays raised their price target on shares of KB Home from $78.00 to $99.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Wedbush lifted their price objective on shares of KB Home from $67.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Bank of America increased their target price on shares of KB Home from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Finally, Evercore ISI boosted their price objective on shares of KB Home from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, KB Home presently has an average rating of “Hold” and a consensus target price of $77.50.

KB Home Trading Up 2.2 %

KB Home stock opened at $79.70 on Tuesday. The stock has a market cap of $5.84 billion, a PE ratio of 10.22, a P/E/G ratio of 0.66 and a beta of 1.81. The stock has a 50-day moving average price of $82.32 and a 200 day moving average price of $76.27. KB Home has a 52 week low of $50.08 and a 52 week high of $89.70.

KB Home (NYSE:KBH) last posted its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The company had revenue of $1.75 billion during 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%. KB Home’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. KB Home’s dividend payout ratio (DPR) is 12.82%.

Insider Activity

In other KB Home 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 sale, the chief financial officer now owns 34,473 shares in the company, valued at approximately $2,737,156.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.52% of the company’s stock.

Hedge Funds Weigh In On KB Home

Large investors have recently made changes to their positions in the business. Financial Management Professionals Inc. acquired a new stake in shares of KB Home during the 3rd quarter valued at $32,000. Riggs Asset Managment Co. Inc. acquired a new position in KB Home in the 3rd quarter worth about $43,000. Fidelis Capital Partners LLC purchased a new stake in shares of KB Home during the 1st quarter worth about $60,000. Plato Investment Management Ltd lifted its holdings in shares of KB Home by 72.0% during the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company’s stock valued at $77,000 after buying an additional 452 shares during the last quarter. Finally, Tortoise Investment Management LLC grew its stake in shares of KB Home by 625.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company’s stock valued at $78,000 after buying an additional 963 shares in the last quarter. Institutional investors and hedge funds 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.