Zacks Research Research Analysts Increase Earnings Estimates for KB Home (NYSE:KBH)

KB Home (NYSE:KBH - Free Report) - Investment analysts at Zacks Research boosted their FY2024 earnings per share estimates for shares of KB Home in a note issued to investors on Tuesday, April 9th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will earn $7.92 per share for the year, up from their previous forecast of $7.91. The consensus estimate for KB Home's current full-year earnings is $8.01 per share. Zacks Research also issued estimates for KB Home's Q4 2024 earnings at $2.32 EPS, Q3 2025 earnings at $2.27 EPS and FY2026 earnings at $8.94 EPS.

A number of other equities analysts also recently issued reports on the company. Wedbush increased their price target on KB Home from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods increased their price target on KB Home from $67.00 to $77.00 and gave the stock a "market perform" rating in a research report on Thursday, March 28th. Evercore ISI dropped their price target on KB Home from $82.00 to $78.00 and set an "outperform" rating on the stock in a research report on Thursday, March 21st. Royal Bank of Canada increased their price target on KB Home from $63.00 to $69.00 and gave the stock a "sector perform" rating in a research report on Thursday, March 21st. Finally, JPMorgan Chase & Co. increased their price target on KB Home from $68.50 to $70.50 and gave the stock a "neutral" rating in a research report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, KB Home currently has an average rating of "Hold" and a consensus target price of $66.11.

KB Home Stock Performance

KB Home stock traded down $3.29 during mid-day trading on Wednesday, hitting $63.75. The company's stock had a trading volume of 1,238,912 shares, compared to its average volume of 1,184,623. KB Home has a one year low of $38.65 and a one year high of $72.00. The company has a 50 day moving average of $65.53 and a 200-day moving average of $57.77. The stock has a market cap of $4.84 billion, a PE ratio of 9.12, a P/E/G ratio of 0.75 and a beta of 1.73.

KB Home (NYSE:KBH - Get Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The construction company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.57 by $0.19. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. KB Home had a return on equity of 15.78% and a net margin of 9.29%. KB Home's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.45 EPS.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NBC Securities Inc. grew its holdings in KB Home by 15.4% in the first quarter. NBC Securities Inc. now owns 4,852 shares of the construction company's stock valued at $343,000 after purchasing an additional 647 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in KB Home in the fourth quarter valued at approximately $253,000. Voya Investment Management LLC grew its holdings in KB Home by 2.9% in the fourth quarter. Voya Investment Management LLC now owns 149,138 shares of the construction company's stock valued at $9,315,000 after purchasing an additional 4,235 shares during the period. Prelude Capital Management LLC grew its holdings in KB Home by 76.2% in the fourth quarter. Prelude Capital Management LLC now owns 11,741 shares of the construction company's stock valued at $733,000 after purchasing an additional 5,078 shares during the period. Finally, Profund Advisors LLC acquired a new stake in KB Home in the fourth quarter valued at approximately $252,000. 96.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KB Home

In other KB Home news, CAO William R. Hollinger sold 45,471 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.47, for a total value of $2,749,631.37. Following the completion of the sale, the chief accounting officer now directly owns 109,981 shares in the company, valued at $6,650,551.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Brian J. Woram sold 83,272 shares of the firm's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.53, for a total value of $5,040,454.16. Following the completion of the transaction, the executive vice president now directly owns 156,119 shares in the company, valued at $9,449,883.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO William R. Hollinger sold 45,471 shares of the firm's stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $60.47, for a total value of $2,749,631.37. Following the completion of the transaction, the chief accounting officer now owns 109,981 shares of the company's stock, valued at $6,650,551.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 373,635 shares of company stock worth $22,400,005. 3.52% of the stock is owned by insiders.

KB Home Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Thursday, February 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Wednesday, February 7th. KB Home's dividend payout ratio (DPR) is presently 10.88%.

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.