Truist Financial Lowers KB Home (NYSE:KBH) Price Target to $50.00

KB Home (NYSE:KBH) had its target price reduced by investment analysts at Truist Financial from $55.00 to $50.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the construction company’s stock. Truist Financial’s target price would indicate a potential upside of 3.05% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of KB Home from a “hold” rating to a “strong sell” rating in a report on Thursday, September 17th. Barclays dropped their target price on shares of KB Home from $57.00 to $49.00 and set an “overweight” rating for the company in a report on Wednesday. Weiss Ratings raised KB Home from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Bank of America reduced their price target on KB Home from $56.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, UBS Group reaffirmed a “buy” rating on shares of KB Home in a research report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $57.33.

KB Home Stock Performance

KBH traded down $0.07 on Wednesday, hitting $48.52. 1,625,285 shares of the company were exchanged, compared to its average volume of 1,205,109. The firm has a fifty day simple moving average of $54.18 and a two-hundred day simple moving average of $53.44. The stock has a market capitalization of $2.97 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 2.47 and a beta of 1.34. KB Home has a 12 month low of $44.03 and a 12 month high of $67.57.

KB Home (NYSE:KBH) last announced its quarterly earnings data on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.17. KB Home had a return on equity of 7.67% and a net margin of 4.94%.The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The business’s revenue was down 20.0% on a year-over-year basis. On average, equities analysts expect that KB Home will post 3.27 earnings per share for the current year.

Insider Buying and Selling at KB Home

In other KB Home news, Director Arthur Collins sold 4,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the transaction, the director owned 9,157 shares in the company, valued at approximately $521,582.72. This represents a 30.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Albert Praw sold 22,015 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total value of $1,292,280.50. Following the transaction, the executive vice president directly owned 104,062 shares of the company’s stock, valued at $6,108,439.40. This represents a 17.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.69% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KB Home

Several hedge funds have recently bought and sold shares of KBH. BlackRock Inc. purchased a new position in KB Home in the 2nd quarter worth about $618,489,000. Donald Smith & CO. Inc. purchased a new stake in shares of KB Home during the 2nd quarter valued at about $108,652,000. Norges Bank bought a new stake in shares of KB Home in the fourth quarter worth approximately $48,418,000. Bamco Inc. NY bought a new stake in shares of KB Home in the second quarter worth approximately $37,500,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of KB Home during the second quarter valued at approximately $35,837,000. Institutional investors own 96.09% of the company’s stock.

KB Home News Summary

Here are the key news stories impacting KB Home this week:

• Positive Sentiment: KB Home exceeded third-quarter expectations, reporting adjusted earnings of $1.05 per share versus the $0.88 consensus estimate. Revenue of approximately $1.30 billion was in line with forecasts, while the company repurchased $50 million of stock. KB Home Reports 2026 Third Quarter Results
• Positive Sentiment: Management projected fourth-quarter housing revenue of $1.45 billion to $1.65 billion and plans to repurchase up to an additional $50 million of shares, offering some support for valuation. KB Home Q4 Revenue Forecast and Buybacks
• Neutral Sentiment: Analysts remain mixed: Citizens JMP kept a “market outperform” rating, while Barclays maintained “overweight,” and Bank of America retained “neutral.” However, all three reduced their price targets to $70, $49, and $54, respectively. Wells Fargo maintained a “sell” rating with a $50 target. Analysts Cut KB Home Forecasts
• Negative Sentiment: Underlying results were weaker than the headline earnings beat: revenue fell 20% year over year, deliveries declined 19%, net orders dropped 12%, net income decreased to $65.3 million, and gross margin contracted to 16.5% from 18.2%. KB Home also lowered its full-year gross-margin outlook to 16.0%-16.2%. KB Home Cuts Margin Outlook
• Negative Sentiment: Thirty-year mortgage rates rose above 7% to 7.12%, their highest level since 2024. Higher borrowing costs threaten affordability and demand for new homes, causing KB Home and other housing stocks to give back part of their recent gains. Mortgage Rates Top 7 Percent

KB Home Company Profile

KB Home (NYSE: KBH) is a homebuilding company that designs, constructs and sells residential properties in the United States. Its offerings primarily include single-family homes, with communities and floor plans intended for first-time buyers, move-up buyers and other owner-occupants. The company also provides homebuyers with opportunities to personalize selected features and finishes through its build-to-order approach.

The company operates in several major housing markets across the United States, including locations in Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.