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

KB Home (NYSE:KBH) had its price target boosted by Wedbush from $67.00 to $75.00 in a report released on Wednesday, Benzinga reports. Wedbush currently has 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 also recently weighed in on KBH. Evercore ISI increased their target price on KB Home from $86.00 to $89.00 and gave the company an outperform rating in a report on Monday, July 15th. Bank of America increased their price objective on shares of KB Home from $75.00 to $90.00 and gave the stock a neutral rating in a research note on Thursday, September 19th. Wells Fargo & Company boosted their target price on shares of KB Home from $70.00 to $80.00 and gave the company an equal weight rating in a research report on Monday, September 9th. The Goldman Sachs Group increased their price target on shares of KB Home from $72.00 to $82.00 and gave the stock a neutral rating in a research report on Tuesday, September 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of KB Home from $74.00 to $77.00 and gave the stock a market perform rating in a research note on Thursday, June 20th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $77.27.

KB Home Stock Performance

KBH opened at $85.90 on Wednesday. The company’s 50-day simple moving average is $82.46 and its two-hundred day simple moving average is $73.51. The stock has a market capitalization of $6.46 billion, a P/E ratio of 11.36, a P/E/G ratio of 0.89 and a beta of 1.81. KB Home has a 52-week low of $42.11 and a 52-week high of $89.70.

KB Home (NYSE:KBH) last issued its earnings results on Tuesday, September 24th. The construction company reported $2.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($0.02). The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.73 billion. KB Home had a return on equity of 15.66% and a net margin of 9.43%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. Research analysts forecast that KB Home will post 8.38 EPS for the current fiscal year.

KB Home Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KBH. Norges Bank purchased a new position in shares of KB Home in the fourth quarter worth $36,761,000. Wells Fargo & Company MN lifted its stake in KB Home by 45.1% in the 4th quarter. Wells Fargo & Company MN now owns 140,728 shares of the construction company’s stock worth $8,790,000 after purchasing an additional 43,748 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of KB Home by 8.5% during 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 during the last quarter. US Bancorp DE grew its position in shares of KB Home by 35.8% during the fourth 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 increased its holdings in shares of KB Home by 10.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,225 shares of the construction company’s stock worth $201,000 after purchasing an additional 293 shares during the last quarter. 96.09% of the stock is owned by hedge funds and other institutional investors.

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.