Wedbush Increases 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 research note released on Wednesday, Benzinga reports. They currently have 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.

KBH has been the topic of several other research reports. Royal Bank of Canada downgraded KB Home from a sector perform rating to an underperform rating and set a $70.00 target price on the stock. in a research report on Thursday, September 5th. Bank of America boosted their price objective on shares of KB Home from $75.00 to $90.00 and gave the company a neutral rating in a research report on Thursday, September 19th. The Goldman Sachs Group raised their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a neutral rating in a report on Tuesday, September 3rd. Barclays upped their price target on shares of KB Home from $78.00 to $99.00 and gave the company an overweight rating in a report on Wednesday. Finally, Evercore ISI raised their price objective on shares of KB Home from $86.00 to $89.00 and gave the stock an outperform rating in a research note on Monday, July 15th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $77.27.

KB Home Stock Up 1.9 %

Shares of NYSE:KBH opened at $85.90 on Wednesday. The firm has a fifty day simple moving average of $82.46 and a two-hundred day simple moving average of $73.51. KB Home has a 52 week low of $42.11 and a 52 week high of $89.70. The stock has a market capitalization of $6.46 billion, a P/E ratio of 11.36, a PEG ratio of 0.89 and a beta of 1.81.

KB Home (NYSE:KBH) last released its quarterly earnings results 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 return on equity of 15.66% and a net margin of 9.43%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter in the prior year, the business posted $1.80 EPS. The company’s revenue was up 10.3% on a year-over-year basis. On average, analysts expect that KB Home will post 8.38 earnings per share for the current year.

KB Home Announces Dividend

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

Institutional Trading of KB Home

A number of hedge funds have recently added to or reduced their stakes in KBH. Fidelis Capital Partners LLC purchased a new position in KB Home during the 1st quarter valued at about $60,000. Plato Investment Management Ltd increased its holdings in KB Home by 72.0% during the first 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 period. Tortoise Investment Management LLC raised its stake 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 buying an additional 963 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in KB Home by 134.4% during the first quarter. Manchester Capital Management LLC now owns 1,137 shares of the construction company’s stock worth $81,000 after buying an additional 652 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of KB Home in the 1st quarter valued at about $120,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

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.