Stonex Financia Upgrades KB Home (NYSE:KBH) to “Hold”

KB Home (NYSE:KBH) was upgraded by investment analysts at Stonex Financia to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Several other equities analysts have also issued reports on the company. Barclays decreased their price target on KB Home from $57.00 to $49.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 23rd. Citigroup reaffirmed an “outperform” rating on shares of KB Home in a research note on Wednesday, September 23rd. The Goldman Sachs Group set a $56.00 price objective on KB Home in a research note on Monday, October 12th. Truist Financial dropped their target price on shares of KB Home from $55.00 to $50.00 and set a “hold” rating on the stock in a report on Wednesday, September 23rd. Finally, Evercore set a $59.00 price target on KB Home in a report on Wednesday, September 23rd. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $52.23.

KB Home Stock Down 0.9%

Shares of NYSE:KBH traded down $0.38 during midday trading on Thursday, hitting $43.27. The stock had a trading volume of 1,194,852 shares, compared to its average volume of 1,851,499. The company’s 50-day moving average price is $49.98 and its 200-day moving average price is $52.33. KB Home has a fifty-two week low of $40.92 and a fifty-two week high of $67.57. The company has a market capitalization of $2.63 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34.

KB Home (NYSE:KBH) last issued its quarterly earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. KB Home had a net margin of 4.39% and a return on equity of 6.56%. The firm’s quarterly revenue was down 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 EPS. Research analysts expect that KB Home will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling at KB Home

In other KB Home news, Director Arthur Collins sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $56.96, for a total value of $227,840.00. Following the completion of the sale, the director directly owned 9,157 shares of the company’s stock, valued at approximately $521,582.72. This represents a 30.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Albert Praw sold 22,015 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $58.70, for a total value of $1,292,280.50. Following the sale, the executive vice president directly owned 104,062 shares of the company’s stock, valued at $6,108,439.40. The trade was a 17.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 4.69% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in KB Home in the 2nd quarter worth about $618,489,000. Donald Smith & CO. Inc. bought a new stake in KB Home in the 2nd quarter valued at about $108,652,000. Bamco Inc. NY purchased a new stake in KB Home during the second quarter valued at about $37,500,000. Bank of New York Mellon Corp purchased a new stake in KB Home during the second quarter valued at about $35,837,000. Finally, Bank of America Corp DE purchased a new stake in KB Home during the second quarter valued at about $35,377,000. Institutional investors own 96.09% of the company’s stock.

More KB Home News

Here are the key news stories impacting KB Home this week:

• Positive Sentiment: Zacks Research raised its KB Home EPS estimates for fiscal 2027 to $4.11 from $4.09, Q3 2027 to $1.08 from $1.01, and Q3 2028 to $1.37 from $1.34. The upward revisions suggest somewhat better expected earnings, although Zacks still rates the stock “Strong Sell.” KB Home Stock Gets Stronger EPS Forecast from Zacks Research
• Neutral Sentiment: StoneX initiated coverage of KB Home, along with Toll Brothers and D.R. Horton. The article does not provide enough detail on its rating or price target to determine the likely market impact. StoneX initiates coverage of Toll Brothers, D.R. Horton, KB Home
• Neutral Sentiment: A comparison article discusses KB Home versus Lifetime Brands, but it does not appear to contain a new company-specific operating update or catalyst for KB Home. Critical Comparison: Lifetime Brands vs. KB Home
• Negative Sentiment: RBC Capital lowered its KB Home price target to $47 from $50 while maintaining a “Sector Perform” rating. Although the revised target remains above the recent trading level, the reduction signals more limited expected upside and is likely weighing on sentiment. RBC Capital Adjusts Price Target on KB Home

KB Home Company Profile

KB Home is a national homebuilder that designs, constructs and sells single-family homes and townhomes. The company offers homes in a range of floor plans, sizes and price points, with options that allow buyers to personalize features and finishes. Its communities typically include amenities such as parks, open spaces and other neighborhood improvements.

Founded in 1957, KB Home is headquartered in Los Angeles, California. The company serves residential markets across the United States, including Arizona, California, Colorado, Florida, Idaho, Nevada, North Carolina, South Carolina, Texas and Washington.