FY2025 EPS Estimates for KB Home Lowered by Seaport Res Ptn

KB Home (NYSE:KBH - Free Report) - Investment analysts at Seaport Res Ptn cut their FY2025 earnings estimates for shares of KB Home in a research report issued on Sunday, November 3rd. Seaport Res Ptn analyst K. Zener now forecasts that the construction company will post earnings per share of $8.41 for the year, down from their previous forecast of $8.78. The consensus estimate for KB Home's current full-year earnings is $8.44 per share.

KB Home (NYSE:KBH - Get Free Report) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $2.04 EPS for the quarter, missing analysts' consensus estimates of $2.06 by ($0.02). The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. KB Home had a net margin of 9.31% and a return on equity of 15.69%. KB Home's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share.

KBH has been the topic of a number of other reports. Bank of America boosted their price target on shares of KB Home from $75.00 to $90.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Royal Bank of Canada lowered shares of KB Home from a "sector perform" rating to an "underperform" rating and set a $70.00 target price on the stock. in a research report on Thursday, September 5th. The Goldman Sachs Group upped their target price on shares of KB Home from $72.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Wells Fargo & Company lowered shares of KB Home from an "equal weight" rating to an "underweight" rating and upped their target price for the stock from $80.00 to $83.00 in a research report on Monday, October 7th. Finally, Barclays boosted their price target on shares of KB Home from $78.00 to $99.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $77.50.

KB Home Stock Up 2.9 %

NYSE:KBH traded up $2.32 on Tuesday, reaching $82.02. The stock had a trading volume of 732,415 shares, compared to its average volume of 1,232,093. The company has a market capitalization of $6.01 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 0.66 and a beta of 1.81. KB Home has a 1-year low of $50.08 and a 1-year high of $89.70. The stock has a fifty day moving average price of $82.32 and a 200-day moving average price of $76.27.

KB Home Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 14th. KB Home's payout ratio is 12.82%.

Insider Buying and Selling

In other news, CFO Jeff Kaminski sold 27,500 shares of KB Home stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $79.40, for a total value of $2,183,500.00. Following the completion of the transaction, the chief financial officer now owns 34,473 shares of the company's stock, valued at $2,737,156.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KBH. Financial Management Professionals Inc. acquired a new stake in shares of KB Home during the 3rd quarter worth about $32,000. Riggs Asset Managment Co. Inc. acquired a new stake in shares of KB Home during the 3rd quarter worth about $43,000. Fidelis Capital Partners LLC acquired a new stake in shares of KB Home during the 1st quarter worth about $60,000. Plato Investment Management Ltd lifted its stake in shares of KB Home by 72.0% during the 1st quarter. Plato Investment Management Ltd now owns 1,080 shares of the construction company's stock worth $77,000 after buying an additional 452 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its stake in shares of KB Home by 625.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,117 shares of the construction company's stock worth $78,000 after buying an additional 963 shares during the last quarter. Institutional investors own 96.09% of the company's stock.

KB Home Company Profile

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.