Seaport Res Ptn Upgrades KB Home (NYSE:KBH) to “Hold”

KB Home (NYSE:KBH) was upgraded by investment analysts at Seaport Res Ptn from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports. Seaport Res Ptn also issued estimates for KB Home’s Q1 2025 earnings at $1.48 EPS, Q2 2025 earnings at $2.09 EPS, Q3 2025 earnings at $2.24 EPS, Q4 2025 earnings at $2.56 EPS and FY2025 earnings at $8.36 EPS.

KBH has been the subject of a number of other research reports. Royal Bank of Canada raised shares of KB Home from an “underperform” rating to a “sector perform” rating and reduced their price objective for the stock from $70.00 to $67.00 in a research note on Friday, January 10th. Evercore ISI lifted their price objective on shares of KB Home from $88.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday. UBS Group decreased their target price on KB Home from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on shares of KB Home from $74.00 to $65.00 and set an “underweight” rating on the stock in a report on Monday. Finally, Barclays cut their price target on KB Home from $85.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, KB Home currently has an average rating of “Hold” and a consensus price target of $75.88.

KB Home Stock Down 0.2 %

KBH opened at $68.40 on Tuesday. The business has a fifty day moving average of $73.32 and a 200 day moving average of $77.92. KB Home has a 52-week low of $58.05 and a 52-week high of $89.70. The stock has a market cap of $5.02 billion, a P/E ratio of 8.77, a PEG ratio of 0.54 and a beta of 1.86.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.08. KB Home had a net margin of 9.31% and a return on equity of 15.69%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate that KB Home will post 8.42 EPS for the current fiscal year.

Hedge Funds Weigh In On KB Home

A number of hedge funds have recently bought and sold shares of the business. Financial Management Professionals Inc. purchased a new stake in shares of KB Home in the third quarter valued at approximately $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in KB Home in the 3rd quarter valued at $43,000. Versant Capital Management Inc increased its holdings in KB Home by 275.7% in the 4th quarter. Versant Capital Management Inc now owns 759 shares of the construction company’s stock worth $50,000 after acquiring an additional 557 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in KB Home in the 3rd quarter worth $59,000. Finally, Banque Cantonale Vaudoise acquired a new position in KB Home during the third quarter worth $61,000. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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.