KB Home (NYSE:KBH) Upgraded at Seaport Res Ptn

KB Home (NYSE:KBH) was upgraded by stock analysts at Seaport Res Ptn from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,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.

Several other research analysts have also recently issued reports on KBH. Wells Fargo & Company reduced their target price on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their price target on shares of KB Home from $82.00 to $74.50 and set a “neutral” rating on the stock in a research report on Wednesday. Evercore ISI raised their price target on shares of KB Home from $88.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday. Bank of America dropped their price target on shares of KB Home from $80.00 to $76.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada upgraded shares of KB Home from an “underperform” rating to a “sector perform” rating and dropped their price target for the company from $70.00 to $67.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $75.88.

KB Home Price Performance

Shares of KB Home stock opened at $68.36 on Tuesday. The firm has a fifty day moving average price of $73.32 and a 200 day moving average price of $77.92. KB Home has a 1 year low of $58.05 and a 1 year high of $89.70. The stock has a market cap of $5.01 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.54 and a beta of 1.86.

KB Home (NYSE:KBH) last issued its earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter last year, the company posted $1.85 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts expect that KB Home will post 8.42 EPS for the current year.

Institutional Trading of KB Home

Institutional investors have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new stake in shares of KB Home in the third quarter valued at about $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home in the third quarter valued at about $43,000. Wilmington Savings Fund Society FSB acquired a new position in KB Home during the third quarter worth about $59,000. Banque Cantonale Vaudoise acquired a new position in KB Home during the third quarter worth about $61,000. Finally, Versant Capital Management Inc boosted its position in 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 acquiring an additional 557 shares during 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.