Wedbush Increases KB Home (NYSE:KBH) Price Target to $75.00

KB Home (NYSE:KBH) had its target price raised by Wedbush from $67.00 to $75.00 in a research note issued to investors on Wednesday morning, 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.

A number of other research analysts have also weighed in on KBH. Wells Fargo & Company raised their price objective on KB Home from $70.00 to $80.00 and gave the company an equal weight rating in a research report on Monday, September 9th. Royal Bank of Canada cut KB Home from a sector perform rating to an underperform rating and set a $70.00 price objective on the stock. in a research note on Thursday, September 5th. Evercore ISI increased their target price on KB Home from $86.00 to $89.00 and gave the company an outperform rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods increased their price objective on KB Home from $74.00 to $77.00 and gave the company a market perform rating in a report on Thursday, June 20th. Finally, Barclays raised their price target on shares of KB Home from $78.00 to $99.00 and gave the stock an overweight rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, KB Home currently has a consensus rating of Hold and a consensus price target of $77.27.

KB Home Trading Up 2.0 %

Shares of KBH stock opened at $85.94 on Wednesday. KB Home has a 12 month low of $42.11 and a 12 month high of $89.70. The stock has a market cap of $6.46 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 0.89 and a beta of 1.81. The company’s fifty day moving average price is $82.58 and its 200-day moving average price is $73.62.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share 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 business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same period last year, the firm posted $1.80 EPS. KB Home’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts forecast that KB Home will post 8.38 earnings per share for the current fiscal year.

KB Home Dividend Announcement

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

Institutional Investors Weigh In On KB Home

Several institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in KB Home in the 4th quarter worth approximately $36,761,000. Wells Fargo & Company MN grew its stake in shares of KB Home by 45.1% in the fourth quarter. Wells Fargo & Company MN now owns 140,728 shares of the construction company’s stock worth $8,790,000 after acquiring an additional 43,748 shares in the last quarter. Corient Private Wealth LLC raised its position in KB Home by 8.5% in the 4th quarter. Corient Private Wealth LLC now owns 18,597 shares of the construction company’s stock valued at $1,162,000 after purchasing an additional 1,452 shares in the last quarter. US Bancorp DE raised its holdings in shares of KB Home by 35.8% in the 4th quarter. US Bancorp DE now owns 12,126 shares of the construction company’s stock valued at $757,000 after purchasing an additional 3,199 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of KB Home by 10.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock valued at $201,000 after purchasing an additional 293 shares in the last quarter. 96.09% of the stock is currently owned by institutional investors and hedge funds.

About KB Home

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.