KB Home (NYSE:KBH – Free Report) – Zacks Research lifted their FY2028 earnings per share (EPS) estimates for KB Home in a research report issued on Thursday, October 22nd. Zacks Research analyst Team now expects that the construction company will post earnings per share of $5.06 for the year, up from their prior 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.
Several other research firms also recently commented on KBH. Keefe, Bruyette & Woods decreased their price objective on shares of KB Home from $65.00 to $54.00 and set a “market perform” rating on the stock in a report on Monday, October 5th. Citizens Jmp dropped their price objective on shares of KB Home from $77.00 to $70.00 and set a “market outperform” rating on the stock in a research report on Wednesday, September 23rd. Citigroup restated an “outperform” rating on shares of KB Home in a research note on Wednesday, September 23rd. Melius Research began coverage on shares of KB Home in a report on Tuesday, October 6th. They set a “sell” rating and a $43.00 target price for the company. Finally, Truist Financial decreased their price target on shares of KB Home from $55.00 to $50.00 and set a “hold” rating on the stock in a research note on Wednesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $52.23.
Check Out Our Latest Report on KBH
KB Home Trading Down 1.3%
KBH opened at $46.42 on Monday. The stock’s fifty day simple moving average is $48.86 and its 200 day simple moving average is $54.04. KB Home has a 1-year low of $40.92 and a 1-year high of $67.57. The stock has a market cap of $2.82 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.44 and a beta of 1.34.
KB Home (NYSE:KBH – Get Free Report) last issued its earnings results on Tuesday, September 22nd. The construction company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.88 by $0.17. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The firm’s revenue for the quarter was down 20.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in KBH. Eastern Bank acquired a new stake in shares of KB Home during the second quarter worth $26,000. Bessemer Group Inc. boosted its position in shares of KB Home by 80.0% in the first quarter. Bessemer Group Inc. now owns 495 shares of the construction company’s stock valued at $26,000 after acquiring an additional 220 shares during the period. Mather Group LLC. bought a new stake in shares of KB Home in the third quarter valued at about $34,000. Ameritas Advisory Services LLC acquired a new position in shares of KB Home in the second quarter valued at about $46,000. Finally, Polaris Financial Partners acquired a new position in shares of KB Home in the third quarter valued at about $43,000. Institutional investors own 96.09% of the company’s stock.
Insider Buying and Selling
In related news, 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. The trade was a 17.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Arthur Collins sold 4,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the sale, the director owned 9,157 shares of the company’s stock, valued at $521,582.72. This trade represents a 30.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 4.69% of the stock is currently owned by company insiders.
KB Home Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. KB Home’s dividend payout ratio (DPR) is 28.17%.
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.
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