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

KB Home (NYSE:KBH - Get Free Report) was upgraded by investment analysts at Seaport Res Ptn from a "strong sell" rating to a "hold" rating in a research note issued to investors 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.

Other research analysts also recently issued research reports about the company. Evercore ISI lifted their price target on KB Home from $88.00 to $95.00 and gave the company an "outperform" rating in a report on Tuesday. Royal Bank of Canada raised KB Home from an "underperform" rating to a "sector perform" rating and lowered their target price for the company from $70.00 to $67.00 in a research note on Friday, January 10th. Wells Fargo & Company reduced their price target on shares of KB Home from $74.00 to $65.00 and set an "underweight" rating for the company in a research report on Monday. UBS Group lowered their price objective on shares of KB Home from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Finally, Bank of America dropped their price objective on shares of KB Home from $80.00 to $76.00 and set a "neutral" rating on the stock in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $75.88.

KB Home Stock Performance

Shares of NYSE:KBH traded down $0.19 during midday trading on Tuesday, reaching $68.33. The company had a trading volume of 1,459,901 shares, compared to its average volume of 1,964,880. The company has a fifty day simple moving average of $73.32 and a two-hundred day simple moving average of $77.92. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 8.76, a price-to-earnings-growth ratio of 0.54 and a beta of 1.86. KB Home has a 1-year low of $58.05 and a 1-year high of $89.70.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Monday, January 13th. The construction company reported $2.52 EPS 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 business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The firm's quarterly revenue was up 19.5% on a year-over-year basis. Analysts expect that KB Home will post 8.42 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wedge Capital Management L L P NC boosted its position in KB Home by 15.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 699,668 shares of the construction company's stock worth $45,982,000 after purchasing an additional 93,277 shares during the period. Hennessy Advisors Inc. bought a new position in KB Home in the 4th quarter worth $44,118,000. Mirador Capital Partners LP acquired a new position in KB Home during the 4th quarter worth $239,000. Burney Co. bought a new stake in KB Home during the fourth quarter valued at about $230,000. Finally, Assenagon Asset Management S.A. grew its position in shares of KB Home by 7.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 27,843 shares of the construction company's stock valued at $1,830,000 after purchasing an additional 1,890 shares during the last quarter. Institutional investors and hedge funds 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.