KB Home (KBH) – Recent Investment Analyst Ratings Updates

Home KB (NYSE: KBH ) recently received a number of price target changes and rating updates:

• 09/25/2024 – KB Home had its price target raised by analysts at Barclays PLC from $78.00 to $99.00. They now have an “overweight” rating on the stock.
• 09/25/2024 – KB Home had its price target raised by analysts at Wedbush from $67.00 to $75.00. They now have a “neutral” rating on the stock.
• 09/19/2024 – KB Home had its price target raised by analysts at Bank of America Co. from $75.00 to $90.00. They now have a “neutral” rating on the stock.
• 09/12/2024 – KB Home had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $67.00 target price on the stock.
• 9/9/2024 – KB Home had its price target raised by analysts at Wells Fargo & Company from $70.00 to $80.00. They now have an “equal weight” rating on the stock.
• 09/05/2024 – KB Home was downgraded by analysts at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating. They now have a $70.00 target price on the stock.
• 09/03/2024 – KB Home had its price target raised by analysts at The Goldman Sachs Group, Inc. from $72.00 to $82.00. They now have a “neutral” rating on the stock.

KB Home trading up 2.0%

Shares of KB Home opened at $85.94 on Monday. The company’s fifty-day simple moving average is $82.58, and its 200-day simple moving average is $73.65. The firm has a market cap of $6.46 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81. KB Home has a 12-month low of $42.11 and a 12-month high of $89.70.

KB Home (NYSE:KBH – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.73 billion. In the same quarter last year, the company posted earnings of $1.80 per share. The company’s revenue was up 10.3% compared to the same quarter last year. analysts forecast that KB Home will post 8.38 EPS for the current fiscal 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 given a $0.25 dividend. This represents an annualized dividend of $1.00 and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, August 8. KB Home’s dividend payout ratio (DPR) is currently 13.23%.

Hedge funds influence KB Home

Hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake in KB Home by 0.9% during the second quarter. Thrivent Financial for Lutherans now owns 18,578 shares of the construction company’s stock worth $1,304,000 after purchasing an additional 162 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in KB Home by 3.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,029 shares of the construction company’s stock worth $353,000 after buying an additional 189 shares during the last quarter. US Bancorp DE raised its stake in KB Home by 1.6% in the first quarter. US Bancorp DE now owns 12,317 shares of the construction company’s stock worth $873,000 after purchasing an additional 191 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in KB Home by 2.1% in the first quarter. Wealthcare Advisory Partners LLC now owns 11,029 shares of the construction company’s stock worth $782,000 after purchasing an additional 231 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in KB Home by 10.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock worth $201,000 after acquiring an additional 293 shares in the last quarter. 96.09% of the shares are currently held by hedge funds and other institutional investors.

KB Home operates as a home construction company in the United States. It operates through four segments: West Coast, South West, Central and South East. Builds and sells a variety of homes, including attached and detached single-family homes, townhomes and condominiums, primarily to first-time homebuyers, first movers, second movers and active adult homebuyers.

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