KB Home (NYSE:KBH) Stock Gets Price Target Cut from Royal Bank Of Canada

KB Home (NYSE:KBH) had its price target decreased by Royal Bank Of Canada from $50.00 to $47.00 in a research report report published on Thursday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the construction company’s stock.

A number of other brokerages have also issued reports on KBH. Citigroup reiterated an “outperform” rating on shares of KB Home in a research report on Wednesday, September 23rd. Evercore set a $59.00 price target on KB Home in a report on Wednesday, September 23rd. The Goldman Sachs Group set a $56.00 price objective on shares of KB Home in a research note on Monday, October 12th. Melius Research initiated coverage on shares of KB Home in a research note on Tuesday, October 6th. They set a “sell” rating and a $43.00 price objective on the stock. Finally, Citizens Jmp reduced their price objective on shares of KB Home from $77.00 to $70.00 and set a “market outperform” rating for the company in a report on Wednesday, September 23rd. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.23.

KB Home Stock Down 0.9%

KB Home stock opened at $43.27 on Thursday. The firm has a 50-day moving average price of $49.98 and a two-hundred day moving average price of $52.33. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 2.24 and a beta of 1.34. KB Home has a 52-week low of $40.92 and a 52-week high of $67.57.

KB Home (NYSE:KBH) last issued its quarterly earnings data on Tuesday, September 22nd. The construction company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.17. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. The business’s revenue was down 20.0% on a year-over-year basis. Research analysts expect that KB Home will post 3.26 earnings per share for the current year.

KB Home Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Thursday, November 12th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, November 12th. KB Home’s dividend payout ratio (DPR) is currently 28.17%.

Insider Buying and Selling

In other KB Home news, Director Arthur Collins sold 4,000 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 9,157 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, EVP Albert Z. Praw sold 22,015 shares of the company’s stock in a transaction that occurred 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 owned 104,062 shares of the company’s stock, valued at $6,108,439.40. This trade represents a 17.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.69% of the stock is owned by company insiders.

Hedge Funds Weigh In On KB Home

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of KB Home in the 2nd quarter worth $618,489,000. Donald Smith & CO. Inc. bought a new stake in shares of KB Home in the 2nd quarter worth $108,652,000. Bamco Inc. NY acquired a new stake in shares of KB Home in the second quarter valued at $37,500,000. Bank of New York Mellon Corp acquired a new stake in shares of KB Home in the second quarter valued at $35,837,000. Finally, Bank of America Corp DE acquired a new stake in shares of KB Home in the second quarter valued at $35,377,000. 96.09% of the stock is owned by institutional investors.

More KB Home News

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

• Positive Sentiment: Zacks Research raised its KB Home EPS estimates for fiscal 2027 to $4.11 from $4.09, Q3 2027 to $1.08 from $1.01, and Q3 2028 to $1.37 from $1.34. The upward revisions suggest somewhat better expected earnings, although Zacks still rates the stock “Strong Sell.” KB Home Stock Gets Stronger EPS Forecast from Zacks Research
• Neutral Sentiment: StoneX initiated coverage of KB Home, along with Toll Brothers and D.R. Horton. The article does not provide enough detail on its rating or price target to determine the likely market impact. StoneX initiates coverage of Toll Brothers, D.R. Horton, KB Home
• Neutral Sentiment: A comparison article discusses KB Home versus Lifetime Brands, but it does not appear to contain a new company-specific operating update or catalyst for KB Home. Critical Comparison: Lifetime Brands vs. KB Home
• Negative Sentiment: RBC Capital lowered its KB Home price target to $47 from $50 while maintaining a “Sector Perform” rating. Although the revised target remains above the recent trading level, the reduction signals more limited expected upside and is likely weighing on sentiment. RBC Capital Adjusts Price Target on KB Home

KB Home Company Profile

KB Home is a national homebuilder that designs, constructs and sells single-family homes and townhomes. The company offers homes in a range of floor plans, sizes and price points, with options that allow buyers to personalize features and finishes. Its communities typically include amenities such as parks, open spaces and other neighborhood improvements.

Founded in 1957, KB Home is headquartered in Los Angeles, California. The company serves residential markets across the United States, including Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.