KB Home Stock Gets Stronger EPS Estimate from Zacks Research

KB Home (NYSE:KBH) – Research analysts at Zacks Research upped their FY2028 earnings per share (EPS) estimates for KB Home in a research report issued on Thursday, October 22nd. Zacks Research analyst Team now forecasts that the construction company will post earnings per share of $5.06 for the year, up from their previous forecast of $5.03. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for KB Home’s current full-year earnings is $3.26 per share.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded KB Home from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 9th. Keefe, Bruyette & Woods dropped their price target on KB Home from $65.00 to $54.00 and set a “market perform” rating for the company in a research note on Monday, October 5th. UBS Group reiterated a “buy” rating on shares of KB Home in a report on Wednesday, September 23rd. Morgan Stanley began coverage on shares of KB Home in a research report on Thursday, October 1st. They set an “underweight” rating and a $39.00 price objective on the stock. Finally, Barclays reduced their price objective on shares of KB Home from $57.00 to $49.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 23rd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, KB Home presently has a consensus rating of “Hold” and an average target price of $52.23.

KB Home Trading Up 0.8%

Shares of KBH stock opened at $46.74 on Monday. KB Home has a fifty-two week low of $40.92 and a fifty-two week high of $67.57. The business’s 50 day moving average price is $48.49 and its 200-day moving average price is $53.94.

KB Home (NYSE:KBH) last announced its quarterly earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The firm’s revenue for the quarter was down 20.0% on a year-over-year basis.

Institutional Investors Weigh In On KB Home

Institutional investors have recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in KB Home in the second quarter worth about $1,609,000. Great Lakes Advisors LLC bought a new position in shares of KB Home in the second quarter worth approximately $4,470,000. Bank of America Corp DE bought a new position in shares of KB Home in the second quarter worth approximately $35,377,000. Donald Smith & CO. Inc. bought a new position in shares of KB Home in the second quarter worth approximately $108,652,000. Finally, SummitTX Capital L.P. bought a new position in shares of KB Home in the first quarter worth approximately $1,771,000. 96.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other KB Home news, Director Arthur Collins sold 4,000 shares of KB Home stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $56.96, for a total transaction of $227,840.00. Following the completion of the transaction, the director owned 9,157 shares in the company, valued at approximately $521,582.72. The trade was a 30.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Albert Z. Praw sold 22,015 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $58.70, for a total value of $1,292,280.50. Following the completion of the sale, the executive vice president directly owned 104,062 shares in the company, valued at $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.69% of the company’s stock.

KB Home Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, November 12th.

KB Home Company Profile

KB Home (NYSE: KBH) is a homebuilder that develops and constructs residential communities across the United States. The company primarily builds single-family homes, along with certain attached homes and townhomes, serving first-time, move-up and active-adult buyers.

KB Home offers a range of home designs, floor plans and personalization options, allowing buyers to select features and finishes during the construction process. Its activities generally include land acquisition and development, home construction, sales and customer support, with homes built in both suburban and urban communities.

Founded in 1957, KB Home operates in markets across Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.