Zacks Research Issues Positive Estimate for KB Home Earnings

KB Home (NYSE:KBH) – Research analysts at Zacks Research lifted their FY2026 EPS estimates for shares of KB Home in a report released on Monday, September 8th. Zacks Research analyst Team now expects that the construction company will post earnings of $6.64 per share for the year, up from their prior forecast of $6.63. Zacks Research has a “Hold” rating on the stock. The consensus estimate for KB Home’s current full-year earnings is $8.42 per share.

KB Home (NYSE:KBH) last announced its earnings results on Monday, June 23rd. The construction company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.45 by $0.05. KB Home had a net margin of 8.47% and a return on equity of 14.02%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company posted $2.15 earnings per share. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. Barclays set a $49.00 target price on shares of KB Home and gave the stock an “equal weight” rating in a research report on Tuesday, June 24th. UBS Group dropped their price target on KB Home from $86.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, June 24th. Oppenheimer began coverage on KB Home in a research report on Wednesday, September 3rd. They issued a “market perform” rating on the stock. Wells Fargo & Company upped their price objective on KB Home from $50.00 to $60.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Finally, Bank of America decreased their target price on KB Home from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has given 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 $66.86.

KB Home Stock Down 0.4%

KB Home stock opened at $65.63 on Wednesday. KB Home has a fifty-two week low of $48.90 and a fifty-two week high of $89.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.60 and a current ratio of 5.83. The firm’s 50-day simple moving average is $59.58 and its 200 day simple moving average is $56.78. The stock has a market cap of $4.47 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 5.36 and a beta of 1.36.

KB Home Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a $0.25 dividend. The ex-dividend date was Thursday, August 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.5%. KB Home’s payout ratio is presently 13.25%.

Insider Activity at KB Home

In other news, COO Robert V. Mcgibney sold 14,000 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $53.52, for a total transaction of $749,280.00. Following the transaction, the chief operating officer owned 78,345 shares of the company’s stock, valued at $4,193,024.40. This represents a 15.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KB Home

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KBH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in KB Home by 0.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,019 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 206 shares during the period. Yousif Capital Management LLC raised its position in shares of KB Home by 0.8% in the second quarter. Yousif Capital Management LLC now owns 25,550 shares of the construction company’s stock valued at $1,353,000 after purchasing an additional 209 shares during the period. CWM LLC lifted its stake in shares of KB Home by 11.8% during the 1st quarter. CWM LLC now owns 2,007 shares of the construction company’s stock valued at $117,000 after buying an additional 212 shares in the last quarter. Vista Investment Management boosted its holdings in KB Home by 4.4% in the 4th quarter. Vista Investment Management now owns 5,097 shares of the construction company’s stock worth $335,000 after buying an additional 215 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in KB Home by 1.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 12,854 shares of the construction company’s stock worth $729,000 after buying an additional 221 shares during the period. 96.09% of the stock is currently owned by 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.